The Economic Distortions of the Federal Constitutional Court’s Debt Brake Decision
Südekum, Jens
Author
aut
Text
xx#
2023
Verfassungsblog
2023-12-19
eng
Germany is not facing a debt crisis, but rather a serious budget crisis triggered by the ‘debt brake’ ruling of the Federal Constitutional Court (FCC). This crisis is deeper than the 60 billion in unused "Corona debts" being shifted to a climate fund, as reported in the media. More fundamentally, the court has mandated that the federal budget strictly adhere to the "principle of annuality" (Jährlichkeit). This is the most significant impact of the court's ruling, and from an economic perspective, it is quite perplexing.
CC BY-SA 4.0
Südekum, Jens
Debt Brake
Haushaltsrecht
Schuldenbremse
Wirtschaftspolitik
economic policy
Wirtschaftspolitik
342
https://verfassungsblog.de/the-economic-distortions-of-the-federal-constitutional-courts-debt-brake-decision/
Verfassungsblog
2366-7044
Max Steinbeis Verfassungsblog gGmbH
10.59704/e6c66c41faa8da89
231219
10.59704/e6c66c41faa8da89
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