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Effekte einer Tilgungsstreckung für coronabedingte Staatsschulden
[Repayment of the Public Debt — Financial Leeway by Changing the Repayment Plan at the Expense of Future Generations]

Author

Listed:
  • Michael Broer

    (Ostfalia Hochschule für angewandte Wissenschaften)

Abstract

Zusammenfassung Der Koalitionsvertrag erschwert Steuererhöhungen. Die Bundesregierung benötigt aber Einnahmen für politisch erwünschte Projekte. Aus diesem Grund plant die Regierung, den Tilgungsplan für die Coronakredite zu strecken. Diese Politik mindert die Tilgungsbelastung in der Gegenwart und schafft somit finanzielle Spielräume für Ausgaben. Steigen zukünftig die Renditen der Staatsanleihen, so erhöht sich aufgrund der Verlängerung der Tilgungsdauer die Zinsbelastung. Werden die durch die Tilgungsstreckung gewonnenen finanziellen Spielräume für Investitionen verwendet, so erben zukünftige Generationen Schulden und Vermögenswerte. Tatsächlich liegen die investiven Ausgaben des Bundes in den vergangenen zwei Jahren bei 11,3%. Würde dies auch für diese Mittel gelten, käme es zu einer starken Belastung der zukünftigen Generation und einem Verstoß gegen die Generationengerechtigkeit.

Suggested Citation

  • Michael Broer, 2022. "Effekte einer Tilgungsstreckung für coronabedingte Staatsschulden [Repayment of the Public Debt — Financial Leeway by Changing the Repayment Plan at the Expense of Future Generations]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(3), pages 210-216, March.
    • Handle: RePEc:spr:wirtsc:v:102:y:2022:i:3:d:10.1007_s10273-022-3137-0
    DOI: 10.1007/s10273-022-3137-0
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    References listed on IDEAS

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    1. Joachim Ragnitz, 2021. "Comments on the Implementation of Support to Accompany the Coal Phase-out in the Eastern German States," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 28(06), pages 03-06, December.
    2. Feld Lars P. & Nöh Lukas & Reuter Wolf Heinrich & Yeter Mustafa, 2021. "Von der Corona-bedingten Schuldenaufnahme zur Wiedereinhaltung der Schuldenbremse," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 22(4), pages 330-349, November.
    3. Remo Nitschke, 2021. "The Burden of Corona Debt - What Burdens Will Federal State Budgets Face in the Coming Years?," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 28(01), pages 03-09, February.
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    More about this item

    Keywords

    H60; H62; H63;
    All these keywords.

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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