Politics · Germany · 1 hr ago

Audit watchdog warns of growing gaps in Germany’s budget plans

Audit watchdog warns of growing gaps in Germany’s budget plans

Germany’s Federal Court of Audit has warned that the government’s budget gap is growing.

The watchdog criticizes Finance Minister Lars Klingbeil’s debt policy in a 58-page assessment sent to the Bundestag’s budget committee, according to a media report.

The gap exists because government spending is rising faster than revenue.

The assessment projects the gap will reach 28.9 percent in 2027 and 31.2 percent by 2030.

It puts the gap in budget plans through 2030 at €108 billion, and warns that pressure to consolidate the budget will persist.

The auditors say the Bundestag should hold the government to account, but no further steps are specified.

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Federal Audit Office auditorsGermany’s federal audit watchdog
persistent pressure to consolidate
via WELT
The German Bundestag should hold the federal government accountable on this.
via WELT