4 ms·

Sounds like Germany right now. Next year we will spent around 25% on refugees. I wonder when the point of an emergency budget arrives.

chopin 10y ago
25% of what? Do you have a source?
- Bombthecat 10y ago
  http://www.bundesfinanzministerium.de/Content/EN/Standardartikel/Topics/Public-Finances/Articles/2016-07-07-Draft-2017-budget-and-financial-plan-2020.html http://www.bundesfinanzministerium.de/Content/EN/Standardart... http://www.spiegel.de/international/germany/budget-battle-begins-over-refugees-in-germany-a-1079864.html http://www.spiegel.de/international/germany/budget-battle-be... http://www.reuters.com/article/us-europe-migrants-germany-costs-idUSKCN0Y50DY http://www.reuters.com/article/us-europe-migrants-germany-co... http://www.zeit.de/wirtschaft/2016-02/fluechtlinge-haushalt-kosten-studie-iw http://www.zeit.de/wirtschaft/2016-02/fluechtlinge-haushalt-... interestingly, German sources like Zeit estimates / writes about 50 billion for 2017, while all English sources low ball here. (or don´t cite the source) Zeit is a pretty well known source. As we both know, projects and estimations are are hard! Very hard! So I guess it will be around 60 billion :) Tax revenue plans around 230 to 300 billion. Hence the 25% and my guess that they will announce soon or later an emergency budget to cut costs (we have a law, basically saying: we must go to our black 0, at all costs) Cutting costs hits the usual targets (I guess): https://www.iwkoeln.de/en/iw-news/beitrag/german-budget-why-black-zero-might-not-be-so-bad-199743 https://www.iwkoeln.de/en/iw-news/beitrag/german-budget-why-... http://www.dw.com/en/sch%C3%A4uble-clings-to-black-zero-fetish-in-german-budget/a-19382452 http://www.dw.com/en/sch%C3%A4uble-clings-to-black-zero-feti... Social services Infrastructure School and education etc. Interesting times are ahead :)
ethbro 10y ago
I thought one of the reasons Germany was accepting refugees more so than other countries was because they had a demographic / labor problem that refugees would help fix?
- Bombthecat 10y ago
  No labor problem. What is missing are highly educated or experienced IT people. What a problem is that germans arw too expensive. Back when germany invited the turkish people they at least admitted they wanted cheap labor. Now they are just lying. Or completely ignoring that in ten or twenty years those people will be useless and sit at home because a ton of those jobs will be automated.
  - ethbro 10y ago
    When you've got a negative population trend, it's hard to argue against migration under any circumstances. Maybe capital and automation take the place of younger workers, but that's a pretty serious bet to gamble social welfare program solvency on. http://www.latimes.com/world/europe/la-fg-germany-refugees-demographics-20150910-story.html http://www.latimes.com/world/europe/la-fg-germany-refugees-d... https://www.theguardian.com/news/datablog/2016/jan/06/refugee-influx-helps-halt-decline-in-germanys-population https://www.theguardian.com/news/datablog/2016/jan/06/refuge...

chopin 10y ago

25% of what? Do you have a source?

Bombthecat 10y ago
http://www.bundesfinanzministerium.de/Content/EN/Standardartikel/Topics/Public-Finances/Articles/2016-07-07-Draft-2017-budget-and-financial-plan-2020.html http://www.bundesfinanzministerium.de/Content/EN/Standardart... http://www.spiegel.de/international/germany/budget-battle-begins-over-refugees-in-germany-a-1079864.html http://www.spiegel.de/international/germany/budget-battle-be... http://www.reuters.com/article/us-europe-migrants-germany-costs-idUSKCN0Y50DY http://www.reuters.com/article/us-europe-migrants-germany-co... http://www.zeit.de/wirtschaft/2016-02/fluechtlinge-haushalt-kosten-studie-iw http://www.zeit.de/wirtschaft/2016-02/fluechtlinge-haushalt-... interestingly, German sources like Zeit estimates / writes about 50 billion for 2017, while all English sources low ball here. (or don´t cite the source) Zeit is a pretty well known source. As we both know, projects and estimations are are hard! Very hard! So I guess it will be around 60 billion :) Tax revenue plans around 230 to 300 billion. Hence the 25% and my guess that they will announce soon or later an emergency budget to cut costs (we have a law, basically saying: we must go to our black 0, at all costs) Cutting costs hits the usual targets (I guess): https://www.iwkoeln.de/en/iw-news/beitrag/german-budget-why-black-zero-might-not-be-so-bad-199743 https://www.iwkoeln.de/en/iw-news/beitrag/german-budget-why-... http://www.dw.com/en/sch%C3%A4uble-clings-to-black-zero-fetish-in-german-budget/a-19382452 http://www.dw.com/en/sch%C3%A4uble-clings-to-black-zero-feti... Social services Infrastructure School and education etc. Interesting times are ahead :)

ethbro 10y ago

I thought one of the reasons Germany was accepting refugees more so than other countries was because they had a demographic / labor problem that refugees would help fix?

Bombthecat 10y ago
No labor problem. What is missing are highly educated or experienced IT people. What a problem is that germans arw too expensive. Back when germany invited the turkish people they at least admitted they wanted cheap labor. Now they are just lying. Or completely ignoring that in ten or twenty years those people will be useless and sit at home because a ton of those jobs will be automated.
- ethbro 10y ago
  When you've got a negative population trend, it's hard to argue against migration under any circumstances. Maybe capital and automation take the place of younger workers, but that's a pretty serious bet to gamble social welfare program solvency on. http://www.latimes.com/world/europe/la-fg-germany-refugees-demographics-20150910-story.html http://www.latimes.com/world/europe/la-fg-germany-refugees-d... https://www.theguardian.com/news/datablog/2016/jan/06/refugee-influx-helps-halt-decline-in-germanys-population https://www.theguardian.com/news/datablog/2016/jan/06/refuge...