FDP advocates for adherence to the debt limit in the 2025 fiscal plan.
"Durr stressed the importance of sticking to the debt limit. Every Euro borrowed now will be paid back by the next generation. Therefore, it's crucial to prioritize spending, just like at home. Durr pointed out defense, internal security, and infrastructure development as critical areas that need more funding. Higher economic growth is key to freeing up more budget room. The government needs to make it easier for businesses to invest money.
As for the cabinet's plan to adopt the budget on July 3, 2025, Durr stated it's not about a specific date but getting the cabinet to approve a budget in July. The Bundestag will tackle the proposal after the summer break, starting from September. The aim is to pass the budget by the end of November or the beginning of December. "We're right on track," Durr said.
According to the Pioneer portal, citing government sources, a cabinet decision on July 3 is becoming less likely. Chancellor Olaf Scholz (SPD) was positive in a recent ARD interview that they would get the budget back on track in July – without explicitly specifying July 3.
For quite some time now, the federal government has been at odds over the budget for the coming year due to tight finances and a sluggish economy. Disagreements include the debt limit, the height of social benefits, infrastructure investments, and defense and development spending. Federal Finance Minister Christian Lindner (FDP) is pushing for substantial budget cuts, particularly in social spending sectors."
