Budget problems - | Klingbeil does not rule out tax increases - | but priority for savings
stuttgarter-nachrichten.de/inhalt.haushaltsprobleme-klingbeil-schliesst-steuererhoehungen-nicht-aus-aber-vorrang-fuer-einsparungen.18b9188e-216f-4a11-969b-2de92154e46e.html
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Prioritizing Cuts Before Tax HikesFinance minister cites medium-term savings from social-state reforms as a priority.
Key FactsFeb 19, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- Finance Minister Lars Klingbeil prefers addressing federal budget shortfalls mainly through spending cuts while not ruling out tax increases.
- Strengthening economic growth is named alongside savings as a priority, and tax hikes should not be the first measure to close all gaps.
- Klingbeil pointed to the coalition's social-state modernization plans led by Social Minister Bärbel Bas as a possible source of medium-term savings.
- The SPD seeks inheritance-tax adjustments and considers linking a higher top tax rate to an increased threshold, while the Greens and the Left also demand relief for low and middle incomes.
I'm totally open to it, but that must not always be the first thing that comes to mind in politics.— Lars Klingbeil (Federal Minister of Finance, SPD) said this in an interview with Bayerischer Rundfunk on Thursday.
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German politician (SPD), SPD Federal Chairman, Member of the Bundestag, Federal Finance Minister and Vice-Chancellor
mandatory financial charge or other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization to collectively fund government spending, public expenditures, or
centre-left political party in Germany
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