Uwe Schmidt from Bremerhaven is now heading the federal finance committee!

Uwe Schmidt from Bremerhaven is now heading the federal finance committee!

Bremen, Deutschland - In a significant decision for Germany's financial policy, Uwe Schmidt, member of the Bundestag from Bremerhaven, was elected as the new chairman of Bundesfinanzierungsgremiums . This election took place at the constituent meeting of the committee, which consists of 13 members and plays a central role in monitoring the funding of the federal government.

The tasks of the Federal Finance Bath are diverse and range from the examination of the conditions and legal requirements for the inclusion of debts to advice on federal participation in private companies, such as Telekom and the Reconstruction Credit. In addition, the committee has the supervision of the federal financial market policy, which has an important influence on economic stability.

parliamentary control over debt

according to Federal Financer Committee this body is chosen by the German Bundestag and takes over parliamentary control over the debt of the federal government. The Federal Ministry of Finance will inform you about all questions of debt system. A well -defined set of rules ensures that the Federal Government regularly teaches the Bundestag about significant issues of federal participation in private law companies and the participation administration.

The background is clear: the committee takes its tasks seriously and is obliged to secure all affairs that become known to its members during their work. This ensures that sensitive information remains protected and a transparent but safe way of dealing with publicly relevant financial data.

extended responsibilities since 2018

An important milestone in the history of the Federal Financing Committee was the takeover of the tasks of the former financial market committee on January 1, 2018. With this expansion of responsibilities, the committee not only received a broader responsibility, but also a decisive influence on the stability of the financial markets. In secret meetings, it is regularly informed about questions from the special fund "Financial Market Stabilization Fund" and the "Restructuring Fund".

In addition, the committee has also taken control of federal investments to private sector companies since January 1, 2010. Another step in this direction took place with the economic stabilization fund law of March 27, 2020, through which the committee received the parliamentary control task for the newly established special fund "Economic stabilization fund".

Overall, the federal finance committee is at the center of German financial policy and contributes significantly to the stability of the federal budget as well as the associated companies and markets. It remains to be seen how the measures decided under the new leadership of Uwe Schmidt will affect the financial landscape. However, one thing is certain: Schmidt will need a good hand in this position to meet the challenges of financial policy.