The new President of the Federal Audit Office, Ansgar Heveling, urges the Union and SPD to do substantially more regarding budget consolidation. He told the Rheinische Post (Saturday edition) regarding the 2027 budget with expenditures of 560 billion euros and 123 billion euros in new debt, “Overall, this is a situation that the Federal Republic can still carry, but not long-term.” Heveling criticized that one in every three euros spent by the federal government is already credit-financed. “Those who can afford one third of their spending only on credit are clearly living beyond their means,” Heveling said. The president warned that the share of interest payments in the federal budget will double by 2030. He demanded, “A return to an effective debt rule is urgently required.” Prospectively, the federal government must return to a sustainable budget. “More effort is necessary for fundamental consolidation,” said the former CDU politician.
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