Ifo Institute Accuses Government of Booking Tricks.
The Ifo Institute says the German government is changing money to meet defense spending goals. Finance Minister Klingbeil is being criticized for this action. Economists believe it hurts the German economy.
The Ifo Institute claims the government is moving money from projects like roads and railways to increase the defense budget. This shift is happening to meet a required spending quota. Critics say this is not good for the German economy. Finance Minister Klingbeil is responsible for these changes. The Ifo Institute believes investment figures would be lower without this redirection of funds.
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Highlights
Ifo Criticizes Government Tactics
The Ifo Institute says the government is using tricks to meet defense spending goals.
Shifting Funds Under Scrutiny
The government moved money from roads and railways to defense.
Klingbeil Faces Criticism
German Finance Minister Klingbeil is being criticized for these changes.
Lower Investment Figures Claimed
The Ifo Institute says investment would be lower without the shift.
Government Accused of Neglect
Critics say the government isn't supporting the economy enough.