The Federal Minister of Finance has warned the other ministries to be frugal.
(Photo: Reuters)
Berlin For Christian Lindner (FDP), reading begins pleasantly. In the latest country report on Germany, the International Monetary Fund (IMF) warns the federal government to be economical. The Minister of Finance takes a similar view. “The IMF has clearly confirmed the financial policy strategy of the Federal Ministry of Finance,” Lindner told the Handelsblatt.
But the similarities end two pages later. The experts at the Monetary Fund recommend reforming the debt brake enshrined in the Basic Law, compliance with which is so important to the FDP leader. The government should “consider revising the rule,” write the IMF experts.
“A reform of the debt brake would give Germany a little more financial leeway for investments,” said Kevin Fletcher, head of Germany’s IMF mission. Germany must invest more in digitization, education and public infrastructure.
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