Söder in favor of a debt ceiling

According to the CSU, a ceiling on government debt must be introduced after numerous aid programs have been launched in the wake of the Corona crisis. “With emergency aid programs, loans, guarantees and economic stimulus programs, we are about to reach the limits of financial affordability,” said the CSU in its leading proposal to be passed at a party congress. Debt is only justified in exceptional cases, the CSU pointed out. Bavaria’s Prime Minister Markus Söder (CSU) said it was true that the economy needed relief and stimulus, but the extent of the debt should be precisely determined.

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