** Bundestag Approves Draft Bill on ERP Special Fund’s 2025 Economic Plan**
On November 14, 2024, the German Bundestag passed a draft bill concerning the ERP Special Fund’s economic plan for 2025. The draft forms part of a wider legislative package (20/12786, 20/13086) and outlines the financial framework for the fund’s activities in the upcoming year.
ERP Special Fund
The ERP Special Fund, formally known as the European Recovery Program Fund, is a German government entity established after World War II as part of the Marshall Plan. The fund provides financial assistance to businesses, particularly small and medium-sized enterprises (SMEs) and startups, to support economic growth and innovation.
2025 Economic Plan
The draft bill outlines the ERP Special Fund’s planned budget for 2025, including:
- Total revenues of approximately €1.7 billion
- Total expenditures of approximately €1.8 billion
- Deficit of approximately €100 million
The plan earmarks funds for various programs, including:
- Loans and guarantees for businesses
- Funding for research and development
- Support for startups and entrepreneurs
- Initiatives to promote sustainable economic growth
Committee Recommendation
Prior to the Bundestag’s approval, the Committee on Economic Affairs and Energy recommended that the draft bill be adopted with minor amendments. These amendments aim to enhance the transparency and accountability of the ERP Special Fund’s operations.
Next Steps
The draft bill will now proceed to the Bundesrat, the upper house of the German parliament. If approved by the Bundesrat, the bill will become law, enabling the ERP Special Fund to implement its planned activities for 2025.
Significance
The approval of the ERP Special Fund’s 2025 economic plan is a significant step in supporting Germany’s economic recovery and innovation. The fund’s financial assistance is crucial for businesses, particularly SMEs and startups, to access funding and drive economic growth in the years to come.
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Drucksachen a new article on 2024-11-14 11:00 titled “20/13774: Beschlussempfehlung und Bericht zu dem Gesetzentwurf der Bundesregierung – Drucksachen 20/12786, 20/13086 – Entwurf eines Gesetzes über die Feststellung des Wirtschaftsplans des ERP-Sondervermögens für das Jahr 2025 (ERP-Wirtschaftsplangesetz 2025 – ERPWiPlanG 2025) (PDF)”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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