Corona crisis with severe consequences: Scholz is also planning a gigantic amount of debt in 2021 - the extent is now clear

Olaf Scholz also wants to suspend the debt brake in the coming year.

Gigantic sums of debt are to be raised again - against the effects of the corona.

• Olaf Scholz plans to suspend the debt brake in 2021 as well.

• Around 96 billion euros in new schools are to be added to the federal budget.

• The reason for this is that the consequences of the corona crisis have to be cushioned.

Berlin - In the fight against the

, Finance Minister

wants to take on

around 96 billion euros in new

in the federal budget in 2021

.

In the coming year, the

anchored in the Basic Law is

to be suspended, as it was said on Friday from circles of the

of

.

The crisis should not be saved afterwards.

In the current year

at a record level of around 218 billion euros.

The

has decided on packages worth billions to get jobs and companies, and it is also about

in future technologies.

In addition, the municipalities are relieved.

In addition, there are grants to stabilize social security contributions or to the Federal Employment Agency because of the significant extension of

.

In circles of the

of

it was said: “Doing nothing would be much more expensive.” With the new

, a repayment

is again connected.

The

is planned from 2026 to 2042.

In the fight against the #Corona crisis, Finance Minister #OlafScholz (SPD) wants to take on around 96 billion euros in new debt in the federal budget in 2021.

https://t.co/u4vddZWhE5

- RND (@RND_de) September 18, 2020

According to the key points,

in 2021 will be 413.4 billion euros.

That is almost 19 percent less than this year.

However, the main expenses for

for example, had an

this year.

According to the key points, social spending is increasing.

More money is also planned for the transport and defense budget.

The

in the spring because of the

plummeted.

The

expects the

(GDP) to

decline

by 5.8 percent

for the year as a whole

.

This would be the worst slump in German post-war history to date.

Olaf Scholz does not plan to suspend the debt brake in 2022

This has massive consequences for

.

According to the latest special tax estimate, the federal, state and local governments will have to get by with significantly less tax income in the coming year than expected in May.

A significant recovery in the

expected

next year, but

the pre-crisis level will not be reached until 2022.

Scholz

plans to no longer make use of the exemption from the debt brake from 2022.

Even after the

however, new debts are allowed to a lesser extent.

According to the

,

of 10.5 billion euros are planned for

2022

, 6.7 billion in 2023 and 5.2 billion in 2024.

The

sees

euros in “need for action” from 2022

so that the debt limit can be met again.

In other words: either the

is increased, for example through tax increases - or the expenditure is reduced through savings packages.

But a lot depends on how quickly the economy recovers.

(

)

List of rubric lists: © Kay Nietfeld / dpa / picture alliance