🇩🇪 The Federal Audit Office accuses Klingbeil of an irresponsible debt policy

The Federal Audit Office has sharply criticized the federal government’s budget policy. According to the audit authority’s report, cited by the German press, Finance Minister Lars Klingbeil is not handling the expansion of government borrowing responsibly enough. The gap between the federal budget’s revenues and expenditures continues to grow, creating additional risks to the stability of public finances.

According to the authority’s assessment, the budget deficit in its calculation is expected to rise to almost 29 percent in 2027 and exceed 31 percent by 2030. The Federal Audit Office is calling on the government to present a convincing program for budget consolidation and urging the Bundestag to exercise greater control over spending. The state’s long-term commitments and the rising costs of debt servicing are a particular cause for concern.


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