Economic Indicators
Germany’s Scholz says goal to reduce inflation with 2023 debt brake
2022.06.01 11:32
German Chancellor Olaf Scholz speaks during a session of Germany’s lower house of parliament, the Bundestag, in Berlin, Germany, June 1, 2022. REUTERS/Hannibal Hanschke
BERLIN (Reuters) – Germany must refrain from funding long-term subsidies with further credit in order to return to its constitutionally enshrined debt brake next year, Chancellor Olaf Scholz said on Wednesday.
“The goal must be to reduce inflationary pressures sustainably,” he told the Bundestag legislature as lawmakers convened to discuss the nation’s budget.
