An investment program with 500 billion euros by 2030 is necessary, said Kindler. “In times of historically low interest rates, we want to reform the debt brake so that future net investments can be financed through loans.”
The state could afford to fight the pandemic. It is extremely dangerous that some in the Union are questioning this. “Anyone who now says to the CDU and CSU that we could no longer afford this creates insecurity, destroys trust and risks decreasing acceptance of the necessary restrictions,” criticized Kindler. The Federal Republic of Germany can currently borrow money on very favorable terms. “In such a situation, foregoing loans to overcome a deep economic crisis would be extremely dangerous.”
The Bundestag wants to approve the budget for 2021 at the end of the week. Vice Chancellor Scholz’s budget is shaped by the Corona crisis. More than a third of it is financed from debt. The bottom line is spending of almost half a trillion euros.