Draft Federal Budget 2009-10 and Fiscal Framework 2009-2013
The double budget 2009-10 is appropriate for the projected course of business activity: it envisages a significant increase of expenditures and allows the automatic stabilisers to work. The Maastricht deficit of the general government will rise to 4.7 percent of GDP in 2010 and the following years. A decrease (to 3.9 percent of GDP) is not expected before 2013. Accordingly the debt ratio of the general government will rise to 78.5 percent of GDP by 2013.
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Volume (Year): 82 (2009)
Issue (Month): 8 (August)
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- Jakob von Weizsäcker, 2009. "Estimating the size of the European stimulus packages," Policy Contributions 266, Bruegel.
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