In four years, I suspect nearly all money will be allocated and either the next government manages to make another constitutional amendment or they will lack founding again.
500 billion is not a lot for 30 years of infrastructure decay.
Yes but the next budget can then be done by a simple 51% majority which is the regular coalition. This dept brake change needed a 2/3 vote and lays the foundation for easier budgets in the future.
Are you sure? From everything I read, there is only a 500 billion credit for infrastructure and an exception for defense spending above 1%.
If the 500 billion credit is largely spent and/or designated by 2029, the next government may not be able to pass a budget without a lot of cuts. Especially because retirement spending will explode by then, taking away money from everything else.
You are right, the off-budget fund (Sondervermögen) for infrastructure also needed a 2/3 vote. I was under the impression that the 500 billion credit and how it will be spend was just part of the negotiations for the dept brake reform. My bad.
Why would this only last 4 years? It’s a constitution change. It does not magically undo itself after a certain time.
The budget, I mean.
In four years, I suspect nearly all money will be allocated and either the next government manages to make another constitutional amendment or they will lack founding again.
500 billion is not a lot for 30 years of infrastructure decay.
Yes but the next budget can then be done by a simple 51% majority which is the regular coalition. This dept brake change needed a 2/3 vote and lays the foundation for easier budgets in the future.
Are you sure? From everything I read, there is only a 500 billion credit for infrastructure and an exception for defense spending above 1%.
If the 500 billion credit is largely spent and/or designated by 2029, the next government may not be able to pass a budget without a lot of cuts. Especially because retirement spending will explode by then, taking away money from everything else.
You are right, the off-budget fund (Sondervermögen) for infrastructure also needed a 2/3 vote. I was under the impression that the 500 billion credit and how it will be spend was just part of the negotiations for the dept brake reform. My bad.