Nach der Krise ist vor der Krise – für eine rasche Konsolidierung der öffentlichen Haushalte

Christoph Schmidt and Schmidt Torsten ()
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Schmidt Torsten: RWI – Leibniz-Institut für Wirtschaftsforschung e.V.Hohenzollernstr. 1–3, 45128EssenGermany

Zeitschrift für Wirtschaftspolitik, 2021, vol. 70, issue 1, 51-59

Abstract: Public debt has increased significantly in the wake of the Corona crisis. In order to remain able to act, public budgets must be consolidated in the coming years. However, no special measures are necessary for this, especially no new taxes. Due to the consolidation of the past years, the debt-to-GDP ratio will probably not exceed the level it reached during the financial crisis. Current policy impulses have been set on the expenditure side. Correspondingly, consolidation should emphasize the reduction of expenditures. An increase of revenues should only be considered, if the measures initially taken prove insufficient.

Date: 2021
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DOI: 10.1515/zfwp-2021-2047

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