Citizenship - Red-Greens in Hamburg in favor of reforming the federal debt brake
The SPD and the Greens in the Hamburg parliament are calling for a modification of the federal debt brake. It is a mistake to believe that the budget crisis can all be solved by cutting spending, said SPD budget politician Milan Pein on Wednesday in a topical debate. "The debt brake no longer reflects reality." In its current form, it is a risk for Germany as a business location. Pein also emphasized that, unlike the federal budget, the Hamburg budget is constitutional.
CDU parliamentary group leader Dennis Thering was appalled at how the red-green party was calling the debt brake into question. "This debt brake is a guarantee for intergenerational justice," said the opposition leader. Savings had to be made on the citizen's income and basic child protection, for which 5,000 new jobs were to be created in the administration. The federal government was trying to play tricks with shadow budgets.
On November 15, the Federal Constitutional Court prohibited the federal government from reallocating loans of around 60 billion euros originally earmarked for coronavirus measures to climate protection. This has called into question numerous projects from the federal climate and transformation fund.
Hamburg's Second Mayor Katharina Fegebank (Greens) explained: "In the midst of multiple crises and upheavals, we urgently need a moderate increase in the debt ceiling so that the state remains capable of acting." The German economy must remain internationally competitive and the Paris climate targets must be met at the same time.
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Source: www.stern.de
