German Finance Minister Christian Lindner said the country’s public debt has increased 10 times since 2021, from 4 billion euros to 40 billion euros. DEA News.
He emphasized that these funds will not be sufficient for the country in the future on issues such as education, digitalization and climate protection investments. The Minister pointed out that it is economically possible to curb the increase in debt.
Last week, Lindner said that the emergency measures taken during the COVID-19 pandemic and the energy crisis were the reasons for the increase in public debt. She suggested that the government limit its spending.
Last November, the Frankfurter Allgemeine Zeitung cited Lindner, estimated Increasing Germany’s debt to 45 billion euros in 2023, from the originally planned 17.2 billion euros.
In February 2023, the country’s Federal Bureau of Statistics (Destatis) published data showing that annual inflation in the country rose from 8.6% in December to 8.7% in January 2023 and consumer prices increased by 9.2% year-on-year.