Fiscal Council chief expects even higher deficit 2025

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The new Fiscal Council Quick Estimate will be presented on Friday. President Badelt says in advance that the deficit is obviously even bigger than expected.

A new rapid estimate showing an increase in the debt ratio will be published on Friday

The Fiscal Council expects a significantly higher budget deficit for this year. Christoph Badelt, head of the Fiscal Council, about the massive austerity pressure and the budget gaslighting of the past federal government.

The deficit could be even higher than expected this year. A corresponding forecast was given on Friday by the Fiscal Council. In 2025 it was assumed that the gross domestic product (GDP) would fall by 4.4 percent, and in the coming year it was assumed that the debt ratio would fall by 4.1 percent. The debt ratio would reach a historic high in 2026.

This year's deficit will be even higher than expected. The Fiscal Council issued a corresponding forecast on Friday. It predicts a deficit of 4.4 percent of GDP for 2025 and a deficit of 4.1 percent for next year. The debt ratio will reach a historic high in 2026. One of the main reasons for this pessimistic assessment is that, in the view of the expert panel, the government is overly optimistic about its austerity measures.