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Nach der Krise ist vor der Krise – für eine rasche Konsolidierung der öffentlichen Haushalte

Author

Listed:
  • Schmidt Christoph M.

    (RWI – Leibniz-Institut für Wirtschaftsforschung e.V.Hohenzollernstr. 1–3, 45128EssenGermany)

  • Schmidt Torsten

    (RWI – Leibniz-Institut für Wirtschaftsforschung e.V.Hohenzollernstr. 1–3, 45128EssenGermany)

Abstract

Public debt has increased significantly in the wake of the Corona crisis. In order to remain able to act, public budgets must be consolidated in the coming years. However, no special measures are necessary for this, especially no new taxes. Due to the consolidation of the past years, the debt-to-GDP ratio will probably not exceed the level it reached during the financial crisis. Current policy impulses have been set on the expenditure side. Correspondingly, consolidation should emphasize the reduction of expenditures. An increase of revenues should only be considered, if the measures initially taken prove insufficient.

Suggested Citation

  • Schmidt Christoph M. & Schmidt Torsten, 2021. "Nach der Krise ist vor der Krise – für eine rasche Konsolidierung der öffentlichen Haushalte," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 70(1), pages 51-59, May.
    • Handle: RePEc:lus:zwipol:v:70:y:2021:i:1:p:51-59:n:4
    DOI: 10.1515/zfwp-2021-2047
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    Cited by:

    1. Christoph M. Schmidt & Torsten Schmidt, 2021. "Bei der Lösung der großen Zukunftsfragen sind Marktprozesse unverzichtbar," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(10), pages 758-761, October.

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