Pension, citizen's allowance and parental allowance: Now there should be severe cuts

Reading time 3 minutesThe most recent announcements of the designated Chancellor Friedrich Merz (CDU) caused considerable unrest. Even before the assumption of government responsibility Merz made clear that there had to be noticeable savings in the state budget. The background is a new special fund of 500 billion euros, which the German Bundestag approved mainly for military investments and defence projects. However, since these new debts are in…