Tackling the Corona Impact, Securing Prosperity, Strengthening Sustainability: The Federal Economic Stimulus and Crisis Management Package

Tackling the Corona Impact, Securing Prosperity, Strengthening Sustainability: The Federal Economic Stimulus and Crisis Management Package

In line with the guiding principles of ‘tackling the economic corona impact, securing prosperity, and strengthening sustainability,’ the German government formulated its economic stimulus and crisis management package following the coalition cabinet meeting on June 3, 2020. The purpose of the package is to strengthen Germany as a globally interconnected export nation to meet the challenge of combating the direct consequences of the pandemic on the domestic economy, restoring supply chains, and responding to the collapsing global economy.

The fiscal package also contains relevant key points for the aviation industry. Amongst others, those include the following general aspects:

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Furthermore, the paper incorporates aspects more directly related to air transport:

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The government's adopted draft now proceeds to the parliamentary legislative procedure. Additional aspects of the stimulus package will be discussed by the cabinet in the near future.

The entire position paper (German only) is freely accessible on the website of the Federal Ministry of Finance.

Additional information in English is available here.

For further current BARIG topics and other aviation news visit the BARIG News page.

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