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Schuldenbremse unter neuen Rahmenbedingungen: Zeitenwende in der Finanzpolitik

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  • Boysen-Hogrefe, Jens

Abstract

The current coalition’s budget negotiations for 2024 are proving to be very difficult. For the first time since 2010, there is talk of consolidation measures to meet the requirements of the debt brake. The sudden budget dispute does not have its origins in worsening revenue prospects, but in tax cuts and additional spending, which were mutually agreed for 2023, and in sharply rising interest payments. While the increase in interest expense is overstated by the methods currently used, a change in methods would probably only delay the issue of consolidation. Fiscal policy in Germany is on the verge of a turning point.

Suggested Citation

  • Boysen-Hogrefe, Jens, 2023. "Schuldenbremse unter neuen Rahmenbedingungen: Zeitenwende in der Finanzpolitik," Open Access Publications from Kiel Institute for the World Economy 273502, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkie:273502
    DOI: 10.2478/wd-2023-0093
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    More about this item

    JEL classification:

    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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