A federal budget of almost 500 billion euros, including another 180 billion euros in new debt – a feat of strength in order to meet the costs of the corona pandemic. But the government has to be careful what happens to all the money – and how it comes back in. After all, it is about intergenerational equity, comments SWR capital correspondent Uwe Lueb.
Debt is a “heavy mortgage”
180 billion euros in new debts in the coming year, another 200 billion euros from this year, the debt brake in the Basic Law suspended: the federal government is pulling some levers to cover the existing and future costs of the corona pandemic. Germany has the appropriate creditworthiness, says capital correspondent Uwe Lueb in his comment. But even with the repayment plan for the next 20 years, this is a heavy mortgage, which the young people in particular will have to bear.
Lueb: The government has to see where the money is going
Therefore, the government must look where all the money is going, whether it really has to be that much – and of course also how the money can come in again: “You don’t have to be a leftist to think about tax privileges and the super-rich,” says Lueb . After all, it is about intergenerational justice.
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