#Debt brake

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Germany
www.dw.com
5 months ago
Germany politics

What is Germany's debt brake? DW 11/29/2023

Germany has strict limits on borrowing, enshrined in the German constitution, that require the federal government and states to balance their budgets without taking on new loans.
The debt brake was introduced in 2009 and aims to secure the state's financial capacity to act while relieving future generations of extensive debt burdens. [ more ]
www.dw.com
5 months ago
Germany politics

Germany grapples with its 'debt brake' DW 11/25/2023

Germany's debt brake, which limits government borrowing, is set to be suspended retroactively for 2023 due to budget shortfalls caused by the pandemic and other factors.
A ruling by the Federal Constitutional Court deemed the financing of the Climate and Transformation Fund (KTF) to be unconstitutional, leading to confusion about how to address the issue of special funds. [ more ]
WSJ
5 months ago
Business intelligence

Eurozone Bond Yields Rise, Market Awaits German Ifo Data

Eurozone government bond yields rise as ECB officials push back against rate cut expectations.
Germany suspends debt brake for 2023 after ruling that government's debt plan was unconstitutional. [ more ]
www.dw.com
5 months ago
Germany politics

German government faces budget crisis DW 11/20/2023

The German Constitutional Court ruled that the government cannot reallocate 60 billion euros meant for COVID-19 pandemic relief to address climate change.
The ruling was based on Germany's debt rules, known as the 'debt brake', which restricts new debt to 0.35% of nominal GDP annually for the federal government.
The court's decision is a blow to Chancellor Olaf Scholz's government and its climate-friendly projects. [ more ]
moreGermany
www.dw.com
1 week ago
Europe politics

EU elections: Immigration is main issue for German voters DW 05/03/2024

Germany's federal government is divided over budget priorities, with disagreements on savings and borrowing amid the constraint of the debt brake. [ more ]
www.dw.com
1 week ago
Europe politics

For German voters, immigration is main issue in EU elections DW 05/03/2024

Germany's federal government faces division over budget proposals due to disagreements on spending cuts and borrowing limits. [ more ]
www.dw.com
3 months ago
Germany politics

Budget woes: What can Germany still afford? DW 01/30/2024

The German federal parliament is launching the federal budget for 2024, which was delayed due to disagreements over cuts between the coalition government parties.
The draft budget plans for around 477 billion euros in expenditure, with 39 billion euros in fresh borrowing, the maximum allowed by the debt brake. [ more ]
www.thelocal.com
5 months ago
Germany politics

EXPLAINED: How deep does the German fear of debt go?

Germany's debt brake, which limits the federal government's borrowing, is causing political chaos but has significant support from the majority of Germans.
Recent polls show that over 60% of Germans oppose relaxing or getting rid of the debt brake, and another 60% believe the government should cut spending to reduce the budget shortfall.
Germany's government debt is about 66% of GDP, which is lower than countries like the UK, Canada, France, and the US, but higher than Italy's 144% of GDP and Japan's. [ more ]
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