As the German Bundestag prepares for its annual budget week, Christian Haase, the parliamentary group’s spokesperson for budgetary affairs for the CDU/CSU, has emphasized the need for a clear strategy to curtail current levels of government debt.
Speaking to “Bild” Haase cautioned against the potential pitfalls of relying too heavily on borrowing, describing it as a “sweet poison” that could lead to a loss of financial direction. He highlighted the importance of intergenerational equity, suggesting it would be prudent to proactively develop a plan for reducing debt levels to avoid becoming trapped in a cycle of increasing liabilities.
While acknowledging the necessity of government borrowing to address pressing security, economic and infrastructure challenges in the current environment, Haase stressed that such measures should be temporary in nature. He warned specifically of the potential for escalating interest rate costs stemming from the government’s current fiscal policies.