The Minister of Finance presented the draft budget which provides for the return of the golden rule next year.
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, 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 take on more debt, not just for future generations, but also because today’s debts are tomorrow’s taxes.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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