Is there really such a thing? Someone should inform the Biden administration immediately.
Germany’s federal government has reached the limit of its fiscal capacity, its finance minister said, with extra financing to cope with the coronavirus pandemic, the impact of the war in Ukraine and a climate fund having exhausted government coffers.
“There are no reserves in the 2022 federal budget,” Christian Lindner was quoted by news website t-online as saying on Saturday, Reuters reported.
He warned against granting further financial support before the autumn to citizens to offset the impact of rising inflation. “I advise letting the measures taken so far take effect,” he said.