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Federal Minister of the Economy Peter Altmaier defends multibillion-dollar public aid for the economy affected by the crown crisis as temporary. It is important in the short term to save companies and, therefore, many jobs, said the CDU politician in the ARD program “Berlin Report”.
But in the medium and long term it is clear: “The state must remain outside and will remain outside.” The state should not increase its participation in the current crisis, “at least not in the long term,” Altmaier said. State participation, also called state quota, indicates the relationship between public spending and gross domestic product (GDP). It describes the participation of the public sector in general economic activity.
Stay away, but: no dividends for state aid
Altmaier said: “I advocate that we stay out of business decisions.” However, it is clear that companies receiving state aid should not pay dividends.
In the debate on helping companies that may be based in tax havens, Altmaier said there must be consequences if a company becomes punishable.
However, Altmaier also emphasized that “they would not start any small-scale test again for a year.” Because then it could be that “the companies we urgently need to maintain the prosperity of this country are bankrupt.” The prosecutor must intervene in case of tax evasion.
Aid for the production of protective masks.
The Federal Government was also interested in guaranteeing the health and safety of people in the event of pandemics. That is why they decided to invest in subsidies, such as the production of protective masks and protective clothing.
It is not about subsidies. “We do not force or instruct anyone to produce them in Germany,” said Altmaier. But it wants to grant subsidies for machines that could also produce long-term at low cost in the Federal Republic, that is, “state-of-the-art machines”.
The minister had previously told newspapers in the Funke media group that an investment subsidy of up to 30 percent had been planned. The goal is to create incentives to build a production capacity of around 2.5 billion protective masks each year.
