Ministry of Economic Affairs
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Ministry of Economic Affairs
The highest authority of a state or federal state that is responsible for shaping economic policy.
Das Wirtschaftsministerium hat neue Förderprogramme für kleine Unternehmen angekündigt.
The Ministry of Economic Affairs has announced new funding programs for small businesses.
The word is a compound of 'Wirtschaft' (economy), the linking -s, and 'Ministerium' (ministry). So it is the ministry responsible for the economy.
Der Chef des Wirtschaftsministeriums ist der Wirtschaftsminister.
The head of the Ministry of Economic Affairs is the minister of economic affairs.
In news and official texts, the ministry often appears as the acting subject. Typical verbs are then 'plant' (plans), 'informiert' (informs), 'fördert' (supports/funds), or 'kündigt an' (announces).
Das Wirtschaftsministerium plant eine Reform der Unternehmenssteuern.
The Ministry of Economic Affairs is planning a reform of corporate taxes.
In official texts and in the news, an abbreviation is often used. For the German federal ministry, for example, this is 'BMWK' (Federal Ministry for Economic Affairs and Climate Action).
Die genauen Zahlen finden Sie auf der Webseite des BMWK.
You can find the exact figures on the BMWK website.
finance ministry
Finanzministerium and Wirtschaftsministerium are both the highest state authorities, but they deal with different areas of policy. The Finanzministerium is concerned with the state budget, taxes, and customs duties, while the Wirtschaftsministerium is concerned with general economic policy. Choose the term according to whether public finances or the economy is the focus.
Das Wirtschaftsministerium plant ein Programm zur Unterstützung kleiner Unternehmen.
The Ministry of Economic Affairs is planning a program to support small businesses.
Das Finanzministerium entscheidet über die geplante Senkung der Steuern.
The Finance Ministry will decide on the planned tax cut.
