Strictly observe the debt brake and pay down debt
The BIW wants to comply with the debt brake without exceptions and rejects the new borrowing planned by the state government. Unexpected tax windfalls should go entirely toward debt reduction to lower interest costs.
Bremen has very high debt. The BIW wants no new debt. The debt brake should apply strictly. This is a rule that limits new loans. Extra tax money should pay off old debt.
The platform points to more than 23 billion euros in debt at the end of 2022, over 33,000 euros per resident. The BIW rejects the government's plan to borrow another three billion euros by 2027 for the climate crisis and the effects of the war. Instead it relies on frugal spending and higher tax revenue through business promotion, new jobs, and more residents. Unplanned extra revenue, for example in a strong economy, is to be used only for repayment.
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„Die Vorgaben der verfassungsrechtlich verbindlichen Schuldenbremse sind deshalb unbedingt einzuhalten und dürfen auch nicht mit Hilfe von haushälterischen Tricks umgangen werden.“Translation: The requirements of the constitutionally binding debt brake must therefore be observed without fail and must not be circumvented by means of budgetary tricks.
Placement
- Economyleaning more market
Rejecting new borrowing and prioritizing debt repayment strengthens fiscal discipline compared with current practice in Bremen.