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German coalition partners agree in principle on debt, tax relief measures

admin by admin
October 25, 2017
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German coalition partners agree in principle on debt, tax relief measures
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The conservative CDU, the liberal FDP and the Greens — the so-called Jamaica coalition — have agreed on the first principles of a common budgetary and financial policy in their exploratory talks to form a government, broadcaster ARD reported Wednesday.

The parties agreed they want to avoid taking on new government debt in the coming legislative period. They said they don’t want to introduce any new taxes, but will instead seek to implement tax relief measures aimed at low- and middle-income-earners.

ARD reported the FDP and CDU were satisfied with the outcome of the talks, while the Greens were more cautious, stressing the plans were provisional.

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