500 billion euros
Klingbeil wants to get infrastructure pot in June
When will it finally start with the renovation of streets, energy networks and other infrastructure? Finance Minister Klingbeil presents details about the planned billion dollar debt pot.
Finance Minister Lars Klingbeil wants to get the billion -dollar special pot for investments in infrastructure and climate protection this month. The Vice Chancellor announced that the special fund, which is financed by the debt on June 24, should be decided. The Ministry of Finance currently coordinates the draft that is available to the German Press Agency with the other ministries. The “Spiegel” also reported about it.
The Federal Government creates the opportunity to take out loans of over 500 billion euros away from the debt brake. The money should be used for additional investments, especially in civil and population protection, in traffic, hospital and energy infrastructure, in education, research and digitization, the draft says. 100 of the 500 billion euros are firmly planned for climate protection, another 100 billion for infrastructure investments by the federal states.
The exact distribution of credit agents is determined in an economic plan, which is not yet available.
Ministry: Credit No reason to worry
According to the draft, the Ministry of Finance does not see the high amount of debt as a problem. Interest obligations could not yet be quantified. However, the special fund can ensure significant economic growth, it is argued. This growth could “overcompensate with the stressful effects of higher debt stands in the medium term”. Specifically, the draft law says: “Based on higher growth rates, the load -bearing capacity of state finances remains preserved even in the event of a higher debt.” The ministry does not share the fear that the special fund can fuel inflation.
The pot is said to have a term of 12 years and expire at the end of 2036. According to the design, it is necessary because the infrastructure in Germany urgently needs to be modernized in the next ten years. This is so expensive that it cannot be paid for from the normal household.
dpa
Source: Stern
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