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German finance minister to maintain debt brake despite energy crisis

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 German Finance Minister Christian Lindner on Monday insisted on complying with the country s debt brake despite the state efforts to contain soaring energy prices Speaking on Monday in Berlin Lindner said he had a very precise idea of the policy instruments the government could use to contain prices but that he wanted to discuss them with coalition partners The goal is a debt brake for the federal budget and a gas price brake In other words there must not be a general breach of the dam said Lindner A relief package to help citizens and companies cope with rising inflation had reignited a debate about whether to scrap Germany s constitutional ceiling on new debt I can say it quite openly if the debt brakes were lifted not only would all that we need for the crisis be financed but other political desires and projects would be added And that would be the dam bursting in terms of fiscal policy We want to help people in the crisis but we don t want to open the floodgates The brake was suspended during the COVID 19 pandemic but returned under the coalition agreement forged after the 2021 election NewsSourceCredit NAN
German finance minister to maintain debt brake despite energy crisis

German Finance Minister Christian Lindner

German Finance Minister Christian Lindner on Monday insisted on complying with the country’s debt brake despite the state efforts to contain soaring energy prices.

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Speaking on Monday in Berlin, Lindner said he had “a very precise idea” of the policy instruments the government could use to contain prices, but that he wanted to discuss them with coalition partners.

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“The goal is a debt brake for the federal budget and a gas price brake.

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In other words, there must not be a general breach of the dam,” said Lindner.

A relief package to help citizens and companies cope with rising inflation had reignited a debate about whether to scrap Germany’s constitutional ceiling on new debt.

“I can say it quite openly: if the debt brakes were lifted, not only would all that we need for the crisis be financed, but other political desires and projects would be added.

“And that would be the dam bursting in terms of fiscal policy.

We want to help people in the crisis, but we don’t want to open the floodgates.

’’
The brake was suspended during the COVID-19 pandemic, but returned under the coalition agreement forged after the 2021 election.

NewsSourceCredit: NAN

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