6.5 billion euro aid fund announced by the Shoal government

6.5 billion euro aid fund announced by the Shoal government

6.5 billion euro aid fund announced by the Shoal government

The Olaf Scholz government has announced a 6.5 billion euro aid fund to ease the burden of energy crisis, rising commodity prices and inflation in Germany. However, the current government has come under criticism from CDU, the country’s main opposition party, for avoiding the issue of fuel import in the coming days.

Since the start of Russia’s military operation in Ukraine, the price of all types of fuel, including oil and gas, has increased in Germany. In addition to inflation, the prices of daily commodities are increased by disoriented common people. In this situation, the government of Olaf Scholz has announced a 6.5 billion euro support fund to deal with all kinds of crises, including solving energy problems and reducing the cost of living in the upcoming winter season.

Germany’s three-party coalition government led by Scholz made the announcement on Sunday (September 4). This huge amount of money will be spent on maintaining low cost gas and oil supply, public transport sector, students and retirees.

Several public and private surveys in Germany say that inflation in the country rose to 8 percent last August. The price of daily necessities also increased by 16.6 percent.

On this day, in response to a question about the gas supply from Russia and the closure of the Nordtrim pipeline, Shalz said that sufficient gas has been stored keeping in mind the coming winter season. Therefore, he assured everyone that there will be no problem in fuel supply in winter even after gas supply through Nordstream One pipeline is stopped.

Meanwhile, the CDU, the country’s main opposition party, said the fund was announced by the current government to cling to power and cover up its failures.