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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- Despite the SPD and the Greens in Hamburg advocating for a change in the federal debt brake, the CDU's parliamentary group leader in the opposition, Dennis Thering, believes that questioning the debt brake endangers intergenerational justice.
- The modification of the debt brake, which is a topic in Hamburg, contradicts the stance of the federal government as the Federal Constitutional Court recently prohibited the reallocation of 60 billion euros earmarked for coronavirus measures to climate protection.
- In Berlin, the political landscape may also be impacted by the debate on the debt brake as the SPD, like in Hamburg, has expressed its intention to reform it.
- As a counterpoint to Hamburg's Second Mayor Katharina Fegebank (Greens), who supports a moderate increase in the debt ceiling to maintain Germany's competitiveness and meet the Paris climate targets, the CDU argues that savings should be made in areas like citizen's income and basic child protection.
- Regardless of their location in Germany, such as Hamburg or Berlin, different political parties hold varying positions on the role and application of the debt brake in the country's fiscal policy.
Source: www.stern.de
