Wednesday, July 6, 2011

THE GERMAN PARLIAMENT, THE BUNDESTAG CONCLUDED THE BUDGET DEBATE FOR THE FISCAL YEAR 2012 WITH THE MAJORITY SUPPORT IN THE PARLIAMENT.

The German Parliament, the Bundestag concluded the budget debate for the fiscal year 2012 today with the majority support in the Parliament, despite criticism of the country's finance policy during its prosperous years of economic developement and progress, when compared to the member nations in the European Union. The allocated amount in the sum of three hundred and six billion euros for the next year budget is less than a third of the USA budget and less than the sum given out in financial assistance to both the domestic and the foreign Organizations, or countries and yet the German economic muscles keeps on flexing dominantly in the positive direction of economic growth, developement and progress through out the entire country. However, some German intellectuals and citizens have criticized the German economic dominancy and progress as the prosperity that comes with less advantages and financial freedom to the citizens and demanded tax cuts, or tax decrease from the current government.

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