Back to basics: the Minister of Finance is pressing the budgetary brake with the return to the golden rule next year.
The public debt must melt by 123 billion euros, to reach 17 billion.
After three years of slippage, Germany wants to get back in the nails.
The Minister of Finance presented, on Friday in the Council of Ministers, his draft public accounts of around 445 billion euros, against 496 billion in 2022.
“We can no longer afford to go into more debt, not only for the next generations, but also because the debts of today are the taxes of tomorrow
, justified during his press conference, the leader of the Liberal Democratic Party.
We would even endanger the AAA rating of the Federal Republic of Germany.”
To reassure the markets, the ministry wants a return to the golden rule of structural debt at 0.35% of gross domestic product.
This is not about going back to the austerity of “schwarze Null” (zero…
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