On Tuesday, Bundesag changed its constitution and invested in defense
The Bundesag changed the constitution and allowed future German governments to unlimit the increase in fiscal deficits to cover defence costs. Among other things, new rules will also be used to support Ukraine and modernize the country’s infrastructure. ODRA media writes about the “historical debt package.”
CDU/CSU, SPD and Green Club 513 MP voted in favour of the bill. The majority of the one-third required to change the constitution is 489. Germany (AFD), left, BSW and FDP alternatives voted against.
The CDU/CSU and SPD laws reform the “debt brake” recorded in the Basic Law, or the German constitution, prohibiting an increase in fiscal deficits of more than 0.35%. GDP.
Germany is changing its constitution. Budget restrictions have been lifted
The changes introduced have cost more than 1% for the Army, civil defense, services and cybersecurity. GDP is not subject to budget restrictions and will allow you to obtain loans for funding.
See: Germany is preparing for the worst. Bavarian Minister appeal
The “financial package” also provides for the creation of a special fund for modernising the infrastructure and the 500 billion euro climate protection. Consent from the Federal Council (Bundesrat -ed).
“Historical debt package”
“Today’s decision is a signal of a suspicion of Germany’s acceptance of responsibility for safe Europe and economically stable Germany,” said CSU group leader Alexander Dobrint, who cited “Die Welt.”
Next, Green supported a package for an EUR 100 billion allocation for climate protection.
According to Die Welt, the change is to give future governments great economic freedom. It was added that Bundestag adopted a “historic debt package.”
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