Die Schuldenbremse: Generationengerechte Haushaltspolitik mit konjunktureller Flexibilität

Ackermann Manuel

Wirtschaftsdienst, 2025, vol. 105, issue 9, 659-664

Abstract: Public debt reached a new high of €2,510.5 billion at the end of 2024. But the federal government continues to plan high borrowing: the draft federal budget for 2026 provides for debt of €174.3 billion for an investment push. Net borrowing of €89.9 billion is expected in the core budget. In addition, there is €84.4 billion from two special funds not subject to debt brakes. The Federal Ministry of Finance hopes for “new growth and greater fairness” – but the current handling of public debt disregards the lessons of the past and goes beyond the conceptual limits of the financial constitution.

JEL-codes: E62 H60 H62 H63 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/wd-2025-0168 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:wirtsc:v:105:y:2025:i:9:p:659-664:n:1015

DOI: 10.2478/wd-2025-0168

Access Statistics for this article

Wirtschaftsdienst is currently edited by Nicole Waidlein

More articles in Wirtschaftsdienst from Sciendo
Bibliographic data for series maintained by Peter Golla ().