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MNI BRIEF: Germany Needs To Reform Debt Brake-Experts' Council

German infrastructure, housing, education, defence in urgent need of extra spending, experts tell government.
BundesbankCentral Bank NewsPolicy NewsEuropean Central BankCEEMEAEurozoneGermanyBriefGlobalStoryRegion

MNI (LONDON) - Germany’s GDP will shrink by 0.1% in 2024 and grow by just 0.4% in 2025, with debt brake reform and special vehicles key to providing the additional fiscal headroom needed to boost spending in vital areas, the German Council of Economic Experts said in its Annual Report on Wednesday.

Public funds should be committed to future-oriented spending after decades of underinvestment, the GCEE said, with targeted debt and toll revenues used to overhaul Germany’s creaking road and rail transport system. Minimum spending levels for education and defence should be considered, with housing also a key concern.

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MNI (LONDON) - Germany’s GDP will shrink by 0.1% in 2024 and grow by just 0.4% in 2025, with debt brake reform and special vehicles key to providing the additional fiscal headroom needed to boost spending in vital areas, the German Council of Economic Experts said in its Annual Report on Wednesday.

Public funds should be committed to future-oriented spending after decades of underinvestment, the GCEE said, with targeted debt and toll revenues used to overhaul Germany’s creaking road and rail transport system. Minimum spending levels for education and defence should be considered, with housing also a key concern.

Keep reading...Show less