Friday, November 25, 2016

GERMANY'S PARLIAMENT CONCLUDED ITS BUDGET DEBATE FOR THE FISCAL YEAR TWO THOUSAND AND SEVENTEEN WITH MUCH CRITICISM OF THE MINISTER OF FINANCE STATEMENT THAT WARNED WARNED THE CITIZENS AGAINST EXAGGERATION OF THE COUNTRY'S FINANCIAL STABILITY AND THE CURRENT BETTER ECONOMIC PROSPECTS IN GERMANY.


    Germany's Parliament the Bundestag has concluded its budget debate for the fiscal Year two thousand and seventeen in the single session of debate held early in the week that has gained the overwhelming support of the coalition government and the Opposition Political Parties with the Members of Parliament, despite wide range domestic criticism of the Finance Minister Wolfgang Schauble statement to the hard working German citizens in which he warned the citizens not to exaggerate Germany's current financial stability and better economic prospects for more financial freedom for every citizen, particularly on the much economic progress that has been so far attained with the country's current better economic prospects that requires sustained had work to keep the efficiency on work performance higher in order for the country to reduce, or totally eliminate its budget deficit and debt of the previous Years. The figures released for the next Year's budget has remained promising with over three hundred and twenty nine point one billion Euros for the Year two thousand and seventeen with the additional thirty point nine percent for the investment purpose and zero percent for the accumulated debt of the last and this Years which means Germany has been ready to accomplish its objectives for the reduction, or total elimination of its budget deficit and debt in the last and this Year, than in the previous Years which could mean in other words Germany will be debt free as previously predicted by the Year two thousand and thirty five , if the Ministries of Finance and Economic Planning would maintain its current efficiency and production capacity to accomplish its goal for the elimination of its debt and any future budget deficit in the Democratic Republic of Germany in the mentioned next few Years. However, the Intellectuals in Germany with the finance experts and economic planners, or experts have criticized the Finance Minister statement on the much so far attained by the country of Germany with regard to efficiency and higher production capacity for better economic prospects and more financial freedom being currently enjoyed by the citizens that should not be exaggerated as the Super economic power of the World, instead the statement was claimed not to have been sufficiently conveyed by the Minister from the information point of view from the Minister and the government to the citizens and this may not assist the government to amend its wide range disputed policies on taxation minimum wage increase, tariff increase and refugees, or asylum seekers integration problems and integration policy that requires much financial support in billions of Euros that should be contributed by Germany and many European Union Countries that entailed the exiting member country of Britain contribution to the special countries of interest such as Nigeria India and the East African Countries of Somalia Kenya Uganda and Rwanda. The figures that have been released by the government during the budget debate held at the German Parliament for the fiscal Year two thousand and seventeen has clearly revealed to both the government with the citizens that the much money that has been allocated by the government of Germany in Finance Rescue Packages and refugees, or asylum assistance packages and for the solution of the current refugees and asylum crisis in Germany and Western Europe has not in any way affected Germany's current finance and economic performance at home and in the World, instead it has added much stability in financial potential and economic production  capacity and increased businesses performance, specially in Germany and the Eurozone Countries.


                                          Written by Professor Godfrey Ohia.


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