position in a government responsible for economic and financial policies
Treasury Secretary Scott Bessent told CNBC's "Squawk Box" Thursday that the U.S. would see "substantial disinflation" after one to two ... Show more
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CNBC May 13
TOMORROW: @SecScottBessent joins @JoeSquawk in an exclusive interview to discuss the President's trip to China. Tune in!
TUNE IN: Treasury Secretary Scott Bessent spoke with CNBC's Joe Kernen to discuss President Donald Trump's trip to Beijing ... Show more
Fees-free university scheme to be scrapped: The Finance Minister has confirmed claims by Winston Peters that the fees-free university scheme ...
odt.co.nz/news/national/fees-free-university-scheme-be-scrapped
"China should open up," Treasury Secretary Scott Bessent told CNBC. "China's domestic economy has been weak .. ... Show more
Construction Industry Day: "I am the first finance minister to say: the money must go to the people," says Klingbeil
welt.de/wirtschaft/article69fcc839122b28e67b1df533/tag-der-bauindustrie-ich-bin-der-erste-finanzminister-der-sagt-das-geld-muss-unter-die-leute-sagt-klingbeil.html
‘Joburg is definitely not bankrupt’ — Morero takes on Godongwana over City’s finances
dailymaverick.co.za/article/2026-05-07-joburg-is-definitely-not-bankrupt-morero-takes-on-godongwana-over-citys-finances-/
/file/attachments/orphans/Water_outage_31ab_736844.jpg)
Klingbeil presents tax estimate - | Revenues to collapse by billions in 2026: How much tax revenue can the state expect in light of the economic consequences of ...
fr.de/politik/klingbeil-praesentiert-neue-steuerschaetzung-drittes-schwaechejahr-in-folge-zr-94296369.html
Key FactsMajor Tax Revenue Losses Linked to Iran Conflict
May 7, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: focus.de
Summary created with AI assistance · Source: focus.de
- In 2026, tax revenues for federal, state, and local governments are projected to drop by €17.8 billion, influenced by legal changes and forecast errors.
- The cumulative revenue shortfall through 2030 is estimated at €87.5 billion, including €39.8 billion in forecast deviations.
- Finance Minister Klingbeil attributes the losses to the Iran war and its global impact on energy prices, which slow economic momentum.
- The 2027 federal budget plans expenditures of €543.3 billion and is scheduled for cabinet submission in early July.
Today's tax estimate shows how much the Iran war is harming us economically. Trump's irresponsible war and the resulting global energy-price shock are temporarily dampening the positive economic momentum.— Lars Klingbeil, Federal Finance Minister (SPD), explained the impact of the Iran war on tax revenues and cited Trump's reckless war as a contributing factor.
Bankrupt Joburg imperils national economy, warns Godongwana: DA mayoral candidate Helen Zille is pressing for Joburg to be placed under National Treasury ...
dailymaverick.co.za/article/2026-05-06-city-of-joburgs-financial-turmoil-imperils-national-economy-warns-finance-minister/
EWN Apr 28
Justice Dept says not enough budget to cover Madlanga Commission's extension: Of the R147 million budgeted for the Madlanga Commission, R123 million has been ...
ewn.co.za/2026/04/28/justice-dept-says-not-enough-budget-to-cover-madlanga-commissions-extension
Tax increase, but no bonus?! Finance Minister Klingbeil wanted to finance the energy price allowance by increasing the tobacco tax. The €1 ... Show more
Planned tax reform: Different ideas between the CDU/CSU and SPD: The coalition wants to provide relief for low and middle incomes through tax reform ...
tagesschau.de/inland/innenpolitik/koalition-steuerreform-spd-cdu-100.html
Starmer, aiming for leadership reset, names former UK PM Gordon Brown as finance envoy
timeslive.co.za/news/world/2026-05-09-starmer-aiming-for-leadership-reset-names-former-uk-pm-gordon-brown-as-finance-envoy/
Nina Warken: "The situation leaves me no other choice": The health minister faces criticism of her austerity laws at the medical conference ...
faz.net/aktuell/wirtschaft/mehr-wirtschaft/nina-warken-die-situation-laesst-mir-keine-andere-wahl-200825335.html
Coalition Dispute: Klingbeil Pushes Ahead with Tax Reform: The federal government promises billions in tax relief for a broad range of income levels ...
welt.de/politik/deutschland/article69f53602ce673f8cd2abbaba/streit-in-koalition-klingbeil-treibt-steuerreform-voran.html
Key FactsCoalition Debates Major Tax Overhaul for 2027
May 3, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: welt.de
Summary created with AI assistance · Source: welt.de
- Finance Minister Lars Klingbeil plans to present a comprehensive income tax reform concept in the coming weeks.
- The proposal focuses on significantly reducing taxes for low and middle incomes, funded by higher levies on six-figure earners.
- The coalition intends to implement the reform by January 1, 2027, targeting noticeable relief for 95 percent of employees.
- Opposition within the coalition arises over financing, with the Union cautioning against pure redistribution and seeking broad taxpayer relief.
Those who keep the daily operation running should end up with more in their pockets.— Lars Klingbeil, Vice-Chancellor and SPD chairman, in an interview with the Süddeutsche Zeitung regarding the planned income tax reform
Japan, US finance chiefs affirm close coordination on currency: Katayama - The Mainichi
mainichi.jp/english/articles/20260512/p2g/00m/0bu/007000c
Where to save? Spahn calls for a five percent cut in all subsidies: What could a fair tax reform look like? Jens Spahn, head of the CDU/CSU parliamentary group ...
br.de/nachrichten/deutschland-welt/wo-sparen-spahn-fuer-fuenf-prozent-kuerzung-bei-allen-subventionen,VJJ9XR2
Treasury Secretary says U.S. has 'absolute control' over Hormuz: But Iran does not quite agree with it.
thestreet.com/crypto/markets/treasury-secretary-says-u-s-has-absolute-control-over-hormuz
Pakistan to issue first 'Panda bond' next week, finance minister says: (Reuters) -- Pakistan is expected to access Chinese capital markets for the first time ...
asia.nikkei.com/business/markets/bonds/pakistan-to-issue-first-panda-bond-next-week-finance-minister-says
“We want to support you”—Finance Minister Klingbeil sends a signal after bonus plan is scrapped
fr.de/politik/praemien-aus-klingbeil-mit-neuem-signal-wir-wollen-euch-unterstuetzen-94299474.html
Donald Trump's 'irresponsible war' slowing economic momentum, warns German minister
bbc.com/news/articles/cwy2d0v3p2po
Gas price cap remains in place, but is reduced to 7 cents: After tough negotiations, the ÖVP, SPÖ, and Neos agree to extend the cap, though it will be slightly ...
kleinezeitung.at/artikel/21449061/koalitionspoker-um-die-spritpreisbremse
Paid articlePaywall Pensions based on years of contributions: Those who do physical labor come away empty-handed – study dismantles Klingbeil reform
fr.de/wirtschaft/rente-nach-beitragsjahren-studie-zerlegt-klingbeil-reform-94299661.html
Retirement provision: Fierce criticism of Klingbeil's "raid on the pension fund"
handelsblatt.com/politik/deutschland/altersvorsorge-heftige-kritik-an-klingbeils-griff-in-die-rentenkasse-01/100222208.html
US ‘suffocating’ Iran with blockade, Treasury chief says: Treasury Secretary Scott Bessent said Sunday that the United States was “suffocating” Iran’s leadership ...
ara.tv/v33r3
EWN May 04
ActionSA wants Finance Minister to explain R180bn RAF shortfall: ActionSA estimates that around 600,000 claims were rejected as a result of the RAF claim form it ...
ewn.co.za/2026/05/04/actionsa-wants-finance-minister-to-explain-r180bn-raf-shortfall
"The finance minister must know that his office requires that savings are also possible." CDU politician Krings: "The finance minister must know that his office requires him to also be able to save money" - | Video - | WELT
Relief bonus: How Lars Klingbeil gets caught off guard in Canada: The black-red coalition’s relief bonus fails to pass in the states. Finance Minister Lars ...
stern.de/politik/deutschland/entlastungspraemie--wie-lars-klingbeil-in-kanada-kalt-erwischt-wird-37382532.html
Paid articlePaywall
"Criminals must not be allowed to buy their way out": Klingbeil wants to take tougher action against tax evaders - | Support from citizens' movement
hna.de/politik/duerfen-sich-nicht-freikaufen-klingbeils-plan-gegen-steuerbetrueger-zr-94281738.html
Gwarube asks Treasury to investigate possible irregularities in R285m textbook tender
news24.com/southafrica/education/gwarube-asks-treasury-to-investigate-possible-irregularities-in-r285m-textbook-tender-20260428-0426
Finance minister says Joburg is in ‘severe financial distress’: Enoch Godongwana has ordered Joburg’s mayor to stop the implementation of a budget-busting wage ...
dailymaverick.co.za/article/2026-05-06-finance-minister-warns-joburg-is-in-severe-financial-distress-in-letter-to-mayor-morero/
'This is a marker of severe financial distress,' warns Finance Minister Godongwana on Johannesburg's crisis
iol.co.za/news/2026-05-07-this-is-a-marker-of-severe-financial-distress-warns-finance-minister-godongwana-on-johannesburgs-crisis/
South Sudan President Salva Kiir sacks army chief and Finance Minister, both appointed less than three months ago, in latest government shake-up.
YOURSAY | What are PKR's odds of winning GE16? : 'Doubt there are any safe seats left for PKR or Anwar.'
malaysiakini.com/news/774399
Bessent says he's aware the uptick in gas prices is affecting the American people. ⛽️
Israeli Finance Minister Bezalel Smotrich joined hundreds of illegal Israeli settlers as they danced in the courtyard of the Ibrahimi Mosque in Hebron ... Show more
EWN Apr 30
Civil society group calls for transparency amid soaring fuel prices: The call comes after Finance Minister Enoch Godogwana announced this week that the R3 per ...
ewn.co.za/2026/04/30/civil-society-group-calls-for-transparency-amid-soaring-fuel-prices
Finance Minister shut down event after TVNZ political editor used alleged homophobic slur
rnz.co.nz/news/political/593581/finance-minister-shut-down-event-after-tvnz-political-editor-used-alleged-homophobic-slur
Handover already underway: Lindner moves to the top of Autoland AG: Christian Lindner is about to take the next step in his career: the former finance minister ...
n-tv.de/wirtschaft/Lindner-rueckt-an-die-Spitze-der-Autoland-AG-id30759147.html
Progressive Sen. Bernie Sanders, I-Vt., is heading up a rare discussion with international scientists Wednesday evening to address the “existential threat” ... Show more
“Smoke, drink, eat sugar—otherwise the finance minister has a problem—that can’t be right” Federal financial planning: "Smoke, drink, eat sugar, otherwise the finance minister has a problem - | that can't be right" - | Video - | WELT
Health insurance reform is a fiasco: People want something completely different: A solidarity-based system like statutory health insurance must not depend on the ...
freitag.de/autoren/ulrike-baureithel/die-krankenkassenreform-ist-das-gegenteil-davon-was-sich-die-menschen-wuenschen
Finance Minister Markus Marterbauer (SPÖ) has always spoken of two or 2.5 billion euros that he wants to save. Now it’s supposed to be a good three billion ... Show more
NEW: "We have the most resilient economy in the world thanks to President Trump's initiatives both in his first term and his second term ... Show more
Business Insider Apr 27
Indonesien hat mit dem Gedanken gespielt, Gebühren für die Durchfahrt durch die strategisch zentrale Straße von Malakka zu erheben – und damit eine Debatte ... Show more
Businesses working with Iranian airlines at risk of sanctions, US Treasury Secretary says
english.alarabiya.net/News/middle-east/2026/04/28/businesses-working-with-iranian-airlines-at-risk-of-sanctions-us-treasury-secretary-says-
Key FactsRecord Debt and Spending Surge in Federal Budget 2027
Apr 29, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: nzz.ch
Summary created with AI assistance · Source: nzz.ch
- The federal government intends to incur almost €1 trillion in new debt by 2030, with annual deficits rising from €98 billion to about €153 billion.
- Interest expenses are projected to nearly triple by 2030, consuming nearly 20% of tax revenues.
- Defense spending will double to over €179 billion by 2030, while core budget investments show only modest growth.
- Economic and political voices criticize the lack of savings, warning of increased taxes and uncertainty for businesses.
Almost one-fifth of tax revenue will then be tied up in interest payments and will no longer be available for political decision-making.— Tobias Hentze, financial expert at the Institute of the German Economy (IW), commenting on rising debt service and its impact on policy options.
OpinionB'Tselem: “It is Germany’s duty to stand up against Israel’s policies”: Israeli Finance Minister Bezalel Smotrich is calling on Friedrich Merz not to interfere ...
freitag.de/autoren/der-freitag/btselem-es-ist-deutschlands-verpflichtung-gegen-israels-politik-aufzustehen
Japan to act when required against volatile currency moves: finance chief - The Mainichi
mainichi.jp/english/articles/20260428/p2g/00m/0bu/026000c
Negeri Sembilan crisis signals end is nigh for Anwar’s unity government: Malaysia's unity government edges towards crisis after the alliance breaks down in ...
straitstimes.com/asia/se-asia/negeri-sembilan-crisis-signals-end-is-nigh-for-anwars-unity-government
Finance Minister ducks for cover: Doctors' Association President lashes out at Klingbeil over health insurance reform
n-tv.de/politik/Aerztepraesident-wettert-bei-Krankenkassen-Reform-gegen-Klingbeil-id30740806.html
Lars Klingbeil's U-turn in the fight against tax fraud: The Finance Minister is planning a U-turn in the fight against tax fraud. Instead of relying on ...
faz.net/aktuell/wirtschaft/kehrtwende-von-lars-klingbeil-im-kampf-gegen-den-steuerbetrug-200772318.html
Godongwana to announce fuel levy extension amid Middle East conflict: Finance Minister Enoch Godongwana is set to announce the future of the R3 fuel levy ...
iol.co.za/news/politics/2026-04-22-godongwana-to-announce-fuel-levy-extension-amid-middle-east-conflict/
Former Finance Minister Steinbrück sees Germany in an unprecedented crisis Pressure on politicians is growing: Former Finance Minister Steinbrück sees Germany in an unprecedented crisis situation - | Video - | WELT
CNA Apr 24
Indonesia reaffirms it has no plan to impose tolls in Malacca Strait: Indonesia's finance minister said his country has no plan to impose tolls on ships passing ...
channelnewsasia.com/asia/indonesia-strait-malacca-finance-minister-tolls-shipping-6078631
Budget: The finance minister freaks out, others want to legalize cannabis: At 3.3 billion euros, the consolidation requirement for the next two-year budget is ...
profil.at/dasfruehstueck/budgetverhandlungen-der-finanzminister-flippt-aus-andere-wollen-cannabis-legalisieren/403153040
Govt reveals worst case oil shock economic scenarios for NZ: A briefing from Finance Minister Nicola Willis came hours after credit rating agency Moody's ...
1news.co.nz/2026/04/23/govt-reveals-worst-case-oil-shock-economic-scenarios-for-nz/
Treasury Secretary denies knowledge of UAE stake in Trump-linked firm: U.S. Treasury Secretary Scott Bessent testifies about the 2027 budget request for his ...
thestreet.com/crypto/policy/treasury-secretary-bessent-predicts-future-of-payment-rails
Health Insurance and Basic Income: Everyone Must Chip In: The Finance Minister refuses to allocate additional funds for health insurance for basic income ...
stern.de/wirtschaft/krankenversicherung-und-buergergeld--alle-muessen-mitzahlen-37314550.html
Key FactsHealthcare Reform Faces State Funding Refusal
Apr 16, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stern.de
Summary created with AI assistance · Source: stern.de
- Finance Minister Klingbeil opposes the state fully covering healthcare expenses for citizen welfare recipients.
- Currently, the state pays roughly one-third of these costs, while statutory insured individuals cover two-thirds.
- Health Minister Warken proposes a reform requiring sacrifices from doctors, pharmacies, and patients to reduce the large deficit.
- Statutory health insurers have sued the state to recover unpaid costs for welfare recipients, with a court decision pending.
"a milkmaid's arithmetic"— Lars Klingbeil, German Finance Minister, said the proposed funding for Bürgergeld recipients would be 'a milkmaid's arithmetic'.
businesstech.co.za Apr 19
Storm brewing over South Africa’s new 20% tax: Finance Minister Enoch Godongwana says that responses to the proposed tax on online gambling have been mixed.
businesstech.co.za/news/finance/857404/storm-brewing-over-south-africas-new-20-tax/
“Don’t slow down renewables”: Klingbeil blocks several of Reiche’s bills: Finance Minister Klingbeil and Economy Minister Reiche are heading toward another ...
n-tv.de/politik/Klingbeil-blockiert-mehrere-Gesetze-von-Reiche-id30723763.html
Key FactsCoalition Conflicts Challenge Merz’s Leadership
Apr 17, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: focus.de
Summary created with AI assistance · Source: focus.de
- Deputy Chancellor Lars Klingbeil has obstructed several energy policies proposed by Economics Minister Katharina Reiche.
- The coalition faces deepening divisions as SPD prioritizes climate policies while CDU emphasizes economic growth.
- Chancellor Friedrich Merz is caught between mediating internal disputes and addressing the expectations of his party supporters.
- The ongoing disputes benefit Klingbeil and Reiche individually but undermine effective government functioning and stability.
The expansion of renewable energies must not be stopped.— Lars Klingbeil, Vice-Chancellor and SPD leader, said this on the sidelines of the spring meetings of the International Monetary Fund and World Bank in Washington
OpinionCommentary: Health Insurance Companies as the Finance Minister’s Shadow Budget: It is courageous of Health Minister Nina Warken to even attempt a reform that ...
handelsblatt.com/meinung/kommentare/kommentar-die-krankenkassen-als-schattenhaushalt-des-finanzministers/100218029.html
Former Treasury Chief Paulson Sounds Alarm On Bond Demand, Calls For Emergency 'Break-The-Glass' Plan— 'I
benzinga.com/markets/treasuries/26/04/51876953/former-treasury-chief-paulson-sounds-alarm-on-bond-demand-calls-for-emergency-break-the-glass-plan-it-will-be-vicious
PM Wong, Malaysia’s Anwar reiterate need for diplomacy amid Middle East crisis: Singapore's PM Wong and Malaysia's Anwar Ibrahim stress diplomacy and supply ...
straitstimes.com/singapore/pm-wong-malaysias-anwar-reiterate-need-for-diplomacy-amid-middle-east-crisis
Treasury Secretary Scott Bessent said at CNBC’s #InvestInAmericaForum on Wednesday that he believes gas prices will start to drop "pretty quickly ... Show more
Draft bill is ready: Finance Minister Klingbeil steps on the gas with fuel rebate
mittelbayerische.de/nachrichten/politik/gesetzentwurf-ist-fertig-finanzminister-klingbeil-gibt-gas-beim-tankrabatt-20927617
South Africa cannot afford lower taxes or expanded VAT relief, says Godongwana: Finance Minister Enoch Godongwana has firmly ruled out personal income tax cuts ...
iol.co.za/business/2026-04-20-south-africa-cannot-afford-lower-taxes-or-expanded-vat-relief-says-godongwana/
Sales tax: Is the government profiting from high fuel prices?: Higher fuel prices also mean additional sales tax. Is the government profiting at the expense of ...
zdfheute.de/politik/deutschland/spritpreis-kosten-mehrwertsteuer-tankrabatt-100.html