However, current economic performance is failing to meet these expectations This discrepancy, he argues, necessitates a revised assessment anticipating lower tax revenues than previously forecasted
Beyond reduced income, Middelberg also highlighted the increasing burden of rising interest rates on the national budget He warned that continued reliance on borrowing could exacerbate this issue, leading to even higher interest payments than initially projected and introducing a significant level of financial uncertainty
The CDU politician emphasized the pressure to implement substantial savings measures within the federal budget, asserting that the existing budgetary gaps are poised to expand considerably He noted that current financial planning overseen by Finance Minister Lars Klingbeil already identifies an uncovered gap of roughly 170 billion euros through 2029, suggesting a pressing need for budgetary reform
