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A constitutional rule that limits the amount of new debt a government can incur, usually expressed as a percentage of GDP.
Im Grundgesetz ist die Schuldenbremse verankert, um die Staatsverschuldung zu kontrollieren.
The debt brake is enshrined in the Basic Law to control public debt.
Often discussed in fiscal policy debates and EU stability pact contexts.
A fiscal instrument that caps the budget deficit, helping to maintain sustainable public finances.
Durch die Schuldenbremse soll das strukturelle Defizit langfristig ausgeglichen werden.
The debt brake aims to offset the structural deficit in the long term.