Floods: SPD head of budget brings suspension of the debt brake into play
It is now being "carefully" examined "whether we can reach this financial dimension", Rohde added. The member of the Bundestag, whose Oldenburg-Ammerland constituency is one of the regions particularly affected by the current flooding, also referred to the special responsibility of the federal government. "It was true a few years ago for the people in the Ahr valley and it is still true today: the people in the affected regions can rely on the federal government," he told Stern magazine.
As a result of the Federal Constitutional Court's budget ruling, the Bundestag had to pass a supplementary budget for 2023 in December - and once again suspend the debt brake.
The FDP, which is in government with the SPD and the Greens, is currently opposed to suspending the debt brake for 2024 as well. On the other hand, there have also been calls from several parties and economic experts in recent weeks to fundamentally reform the debt brake enshrined in the German constitution.
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- The 'SPD parliamentary group' is advocating for the suspension of the debt brake to address the 'Flood situation', with 'spd chief housekeeper' Dennis Rohde leading the charge.
- The 'Flood damage' in Rohde's Oldenburg-Ammerland constituency has highlighted the 'special responsibility' of the federal government, according to him.
- In light of the Federal Constitutional Court's budget ruling, the Bundestag had to pass a supplementary budget for 2023 in December, requiring a suspension of the debt brake, as it had done before.
- However, the 'FDP', a coalition partner of the SPD and the Greens, is currently resistant to suspensing the debt brake for 2024 as well.
- There have been calls from various parties and economic experts to 'fundamentally reform' the debt brake, a constitutionally enshrined policy, in recent weeks.
- Rohde pointed out that the people in the affected regions can rely on the federal government, as was the case 'a few years ago' for those in the Ahr valley.
- As a result, the 'ins' (insurance companies) are examining whether they can cover the 'Flood' damage in the 'current flooding' situation in a 'careful' manner.
- This debate coincides with other pressing issues, such as the 'turn of the year overshadowed by conflicts' and 'attacks on ships in the Red Sea' that are discussed in various news outlets, including Stern magazine.
Source: www.stern.de
