Anhaltende Haushaltsüberschüsse

Zeit für Steuersenkungen?

authored by

Stefan Homburg, Margit Schratzenstaller, Andreas Peichl, Clemens Fuest, Michael Hüther, Stefan Bach, Achim Truger

Abstract

Germany has now been running surpluses or balancing its public budgets for eight years. Accordingly, the debt-to-GDP ratio has fallen to such an extent that the Maastricht criterion is once again being met. This development, which has been favoured by a prolonged economic upturn, has led to disputes about how the surpluses should be used. On the one hand, there is a consensus that investment is urgently needed to turn the tide on climate change and transportation and for more education and innovation, while on the other hand some see Germany’s competitiveness as being at risk because of the above-average tax burden on companies. The favourable budget situation could also make it easier to push through a fundamental reform of the tax and contribution system. However, it should be borne in mind that changes in the tax system have very different effects on upper and lower income groups.

Organisation(s)

Institute of Public Finance

External Organisation(s)

Ludwig-Maximilians-Universität München (LMU)
Institute of the German Economy Cologne (e.V.)
German Institute for Economic Research (DIW)
University of Duisburg-Essen
Österreichisches Institut für Wirtschaftsforschung (WIFO)

Type

Article

Journal

Wirtschaftsdienst

Volume

100

Pages

156

No. of pages

1

ISSN

0043-6275

Publication date

03.2020

Publication status

Published

Peer reviewed

Yes

ASJC Scopus subject areas

Business, Management and Accounting (miscellaneous)

Sustainable Development Goals

SDG 13 - Climate Action

Electronic version(s)

https://doi.org/10.1007/s10273-020-2593-7 (Access: Open)