Finance Minister Wolfgang Schäuble sought in its budget after the black zero. If it goes to experts from his ministry, the minister, however, must not only adopt them. You expect horrendous deficits in the coming years.
The German Finance Minister Wolfgang Schaeuble is facing a major challenge. His own experts warn in a report, to be discussed next week in the cabinet, against dramatic impact of aging in Germany on government finances. This is clear from the new “sustainability report” the Ministry of Finance shows that present the “Welt am Sonntag” as a draft.
According to the authors of the debt of the German state would only be permanently near the European debt limit of 60 percent of economic output remain when developing factors such as the birth rate very low.
debt grows dramatically
In a less favorable scenario, the experts from Finance Minister Wolfgang Schäuble ( CDU) have also calculated through, the debt on the other hand could rise by 2060 “continuously to around 220 percent” of gross domestic product (GDP). To comparison, on Friday morning shows the debt clock for Greece a national debt of 182 percent.
to make the German public finances viable in one step, would permanently increase the surplus earned by the German government every year, at best, by 1.2 percent of GDP. In pessimistic scenario results in a need for adjustment of 3.8 percent.
Annual consolidation requirement is up to 23 billion euros
As austerity on this scale are unrealistic, the Sustainability Report also how big the necessary adjustment required would be if the corrections evenly distributed over five years would. In the best scenario, the German government takes from the current year to more than seven billion euros to spend less (or take more).
20 pages PDF -. € 4.99
In the years 2017 to 2020 each additional seven billion euros would come on top. In the worst scenario, the situation is even more dramatic. "Be quiet now": Varoufakis attacked journalists in Berlin
Video - For then the adventitious annual adaptation needs would triple. class = "sidebar ps tracking position ps trackingposition_ArticleSidebar">
No comments:
Post a Comment