Finance ministry lacks clear overview of special infrastructure fund projects

Greens politician Sebastian Schäfer asked Finance Minister Lars Klingbeil (SPD) for details on construction projects funded by the 500 billion euro infrastructure special fund. After nearly two months, the Federal Ministry of Finance provided mostly evasive answers without a proper overview. Critics accuse the government of misusing the debt-financed funds.

Berlin. On his first day in office last May, Lars Klingbeil (SPD) pledged to act as an "Investitionsminister". The 500 billion euro infrastructure special fund was to modernize Germany, renovating schools, rails, and roads so that "bulldozers roll".

In March, two economic research institutes accused Klingbeil of largely misappropriating the fund to plug budget holes and finance election gifts.

Greens budget politician Sebastian Schäfer requested a list of new projects funded by the fund that are already under construction. The Finance Ministry's response, obtained by Handelsblatt and taking nearly two months, reveals a lack of comprehensive overview.

The opposition criticizes the lack of transparency in using the debt-financed funds.

Related Articles

German Finance Minister Lars Klingbeil presenting the balanced 2027 budget draft in parliament
Image generated by AI

Klingbeil presents 2027 budget draft without gap

Reported by AI Image generated by AI

Federal Finance Minister Lars Klingbeil presented a 2027 budget draft without billion-euro holes on Monday. The 34 billion euro gap was closed through various measures.

The federal government faces delays in disbursing funds from the 500-billion-euro infrastructure special fund. Finance Minister Lars Klingbeil encounters bureaucratic hurdles and internal party issues.

Reported by AI

Federal Finance Minister Lars Klingbeil plans nearly 204 billion euros in new debt for 2027. The cabinet is set to approve the draft on Monday.

After delays the Berlin-Hamburg line is scheduled to reopen on Sunday. SPD and CDU demand more open communication from Deutsche Bahn on future projects.

Reported by AI

The federal government agreed on a package of more than 30 reform measures on Wednesday evening. Chancellor Friedrich Merz presented it on Thursday.

Germany's financial regulator BaFin has taken action against the Deutsche Finance Group. Around 50,000 private investors are affected by the measures. The authority is demanding information and documents on closed public funds.

This website uses cookies

We use cookies for analytics to improve our site. Read our privacy policy for more information.
Decline