Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis

Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis

Blog Article

Abstract The German federal government is facing criticism for using the exemption from the national debt brake due to the coronavirus crisis to Aquarium Cleaning Chemicals expand the fiscal leeway for its future energy and climate policies.The budget dispute is taking place against the backdrop of a massive expansion of government debt in Europe.In the following, the author explain the critique of the latest supplementary Me Spring Dress budget and argues that the federal government has missed the opportunity to prove that the fiscal policy options within the existing rules are sufficient.