<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The German Federal Constitutional Court has ordered a revision of public budgets following the correct interpretation of the German debt brake. The debt brake is an obstacle to necessary public investment needed for ecological transformation of areas such as housing construction and education. The debt brake should be replaced by the golden rule of fiscal policy, which allows credit financing of public investments.</p>
</abstract>

The German Federal Constitutional Court has ordered a revision of public budgets following the correct interpretation of the German debt brake. The debt brake is an obstacle to necessary public investment needed for ecological transformation of areas such as housing construction and education. The debt brake should be replaced by the golden rule of fiscal policy, which allows credit financing of public investments.

The Climate and a Dilapidated Infrastructure are not in Governed by the Debt Brake

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Das Klima und eine marode Infrastruktur richten sich nicht nach der Schuldenbremse

The German Federal Constitutional Court has ordered a revision of public budgets following the correct interpretation of the German debt brake. The debt brake...

The Climate and a Dilapidated Infrastructure are not in Governed by the Debt Brake

Published Online: Jan 23, 2024

Page range: 21 - 24

DOI: https://doi.org/10.2478/wd-2024-0009

© 2024 Michael Heine et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.