"A sword of Damocles is hanging over us. It could push us to the brink of the abyss," he told lawmakers. This underscores the urgent financial crisis facing the government.
"The government spent a lot of money helping households and companies during the COVID-19 pandemic that started in 2020," he told DW. This expenditure contributed significantly to the rising public debt.
He lowered taxes for households and especially companies by 60 billion saying that these cuts would be financed through higher growth. But the latter never materialized," Sterdyniak stated, highlighting the consequences of fiscal policy.
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