Abstract
Abstract The Corona crisis marks a significant turning point in the Federal Republic’s national budget. All levels of the overall budget are deep in the red: federal, state, local and social security. This stress on public budgets and social security systems will not suddenly disappear after the pandemic – rather, policy makers face long-term challenges. Public finances must be consolidated! Five theses outline the issue – before, during and after the Corona crisis: The federal budget was structurally out of order even before the Corona crisis. The Corona crisis is only a magnifying glass for budget policy problems. The debt brake is indispensable, both when the economy is strong and weak. We need a mix of tax limits, austerity policies and investments. Tax increases and more bureaucracy are hampering economic growth!
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