German Finance Chief Says Expansive Fiscal Policy Ends Next Year

May 30, 2022, 10:56 AM

German Finance Minister Christian Lindner reiterated that the government plans to restore constitutional limits on net borrowing from next year.

  • Federal government’s 2023 finance plan will be “fundamentally different” to recent budgets as so-called debt break will be restored: Lindner at news conference in Berlin
    • “While it was previously possible due to the emergency situation of war and crisis to mobilize special financial means, we will now end expansive finance policy”
    • “It’s now about showing responsibility toward the generation of children and grandchildren”
    • “It’s about fighting inflation. We must stabilize the economy and the top priority must be to fight …

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