German finance minister says it’s possible to return to the ‘debt brake’ in 2023

Lindner says Germany must “find a way out of crisis mode”, noting that it is possible to return to the “debt brake” next year.

But if there’s one thing we’ve learned during the pandemic, it’s that budget spending knows no bounds and numbers don’t really matter in the end. If the rest of the world keeps getting away with it, Germany might as well.

In a certain context, the “debt brake” is supposed to work in the sense that Germany’s budget deficit should not exceed 0.35% of its GDP but has since been suspended due to the pandemic situation.


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