Criticism of the federal government's economic policy course: medium-sized companies are calling for a reduction in bureaucracy and investments in education and digitalization

Criticism of the federal government's economic policy course: medium-sized companies are calling for a reduction in bureaucracy and investments in education and digitalization

According to a report by www.morgenpost.de, many medium-sized companies give the federal government a poor report regarding their current economic policy course. In particular, the excessive bureaucracy is seen as increasingly unattractive for Germany as a location. The demand for a reduction in bureaucracy and reporting requirements is on the priority list at 92.6 percent, followed by investments in education, infrastructure and digitalization at 59.3 percent. In addition, the desire for targeted tax cuts was expressed at 38.9 percent.

The economic policy course of the current traffic light coalition is assessed critically in the survey: None of those surveyed find the decisions of the SPD, Greens and FDP “completely correct”. 7.4 percent rate the economic policy as “satisfactory”, while 29.6 percent find the course “mixed”. A larger group of 42.6 percent consider the current economic policy course to be “misguided” and 18.5 percent consider it to be “completely wrong”.

The Mittelstandsverbund represents the interests of around 230,000 medium-sized companies, which are organized in 310 association groups. 54 association groups with a total of around 41,000 affiliated companies from 17 industries took part in the survey.

The results of this survey could potentially have an impact on the market and the financial industry. Growing dissatisfaction with the government's economic policy course could lead to a reduced willingness to invest and a decline in economic confidence. This in turn could have long-term effects on the competitiveness of Germany as a location and the growth of companies. It is important that the government addresses the concerns of SMEs and develops strategies to reduce bureaucracy and promote investment and growth.

It remains to be seen how the government will respond to this criticism and what measures it will take to address the concerns of SMEs and improve the economic environment.