Federal Budget Germany 2023

German 2023 Draft Budgetary Plan Approved

Overview

The German government has approved its draft budgetary plan for 2023, outlining the fiscal projections for the federal and state budgets. The plan provides for revenues and expenditures of 4452 billion euros.

Federal Budget Trends

In the first half of 2023, federal revenue increased while federal expenditures decreased compared to the same period in 2022.

Overall, the federal budget trends for 2023 indicate a modest increase in revenues and a slight decrease in expenditures compared to previous years.

Overall Public Budget

The overall public budget in the first quarter of 2023 showed a small surplus. This was due to higher-than-expected tax revenues and lower-than-expected government spending.

Fiscal Projections

The 2023 draft budgetary plan presents the fiscal projections for the budgets of the Federation and the Länder. The plan outlines the expected revenues and expenditures for the coming year.

The government aims to reduce the federal deficit and achieve a balanced budget in the medium term. This will be achieved through a combination of spending cuts and tax increases.