Factbox: ‘Debt brake’, ‘black zero’: Germany’s fiscal rules under scrutiny

Euronews | Aug 15, 2019 at 8:04 PM
  • The German government has come under pressure to abandon its balanced budget goal and finance more fiscal stimulus with new debt.
  • In light of the weakening economy, rock-bottom borrowing costs and additional policy challenges such as fighting climate change, the balanced budget goal has come under fire.
  • For 2020, budget experts currently estimate that the federal government could take on new debt of nearly 5 billion euros (4.6 billion pounds) if the balanced budget goal were ditched.
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