Despite record public investment, the competitiveness of the German economy has been falling every year since 2014. writes about this TASS Referring to a post by German Finance Minister Christian Lindner on the social network X (formerly Twitter).
“We are investing in record amounts. The problem is that our competitiveness has been declining every year since 2014,” Lindner wrote.
According to him, large expenditures go to finance the welfare state, which is “the largest item in the budget”, so it is necessary to increase efficiency.
The head of the Ministry of Finance doubted that high competitiveness could be achieved at the expense of state funds.
“The opposite should also be true: the state creates the conditions under which the economy can compete, earns money and gives it to the state. That’s the only way anything can work in the long run,” the minister explained.
Germany’s GDP in 2023 according to the Federal Statistical Office fallen It increased by 0.3% due to the decrease in the purchasing power of the population due to rising prices.
Previously Russia’s economic growth in 2023 exceeded expectations.