The screen that displays the evolution of German debt in real time, installed at the entrance to the German taxpayers' federation, not far from the Bundestag, in Berlin, risks getting carried away in the coming months. Presented Tuesday, June 24, the very first budget of the so-called “black-red” coalition-which links the conservatives of the CDU-CSU to the SPD-democrats of the SPD-, in power since May 6, has been providing for a historical increase in German debt, breaking with years of strict budgetary orthodoxy.
The country will thus contract almost 850 billion euros in Debt by the end of the legislature, in 2029, between special funds and the federal budget, including 143 billion from 2025. A change of scale for national public finances: public debt across the Rhine is now around 2,700 billion euros (compared to 3,300 billion euros for France), and only increased by around 60 billion euros per year COVID-19, in 2022.
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Source: Lemonde