German Chancellor Angela Merkel in an interview with the German newspaper Bild am Sonntag said that the country does not intend to run into debts because of the refugees. Despite the migration crisis, Germany will stick to a balanced budget, which does not involve new loans. Merkel explained that in such a way Germany takes into account the interests of future generations.
Merkel has repeatedly stressed that the absence of debts is the best investment into the new generations. She has also promised that the government will not raise taxes because of the migration crisis and fears that the costs of migrants will require the government to run into debts are “completely unfounded”.
In addition, the Chancellor assured that the authorities are engaged in the development of social programs, including those dealing with issues of pensions and re-socialization of people with disabilities.
Balanced budget is one of the key objectives of the ruling coalition in Germany. It was first approved in 2015, and later in 2016. Only in 1969, the absence of debts has allowed the authorities to adopt such a budget.
In 2015, Germany broke all records for the number of accepted refugees. According to the EUROSTAT, the country has given asylum for more than 440 thousand migrants during a year – an absolute record amongst EU Member States. The report states that the data rate exceeds 155% over 2014. According to the other sources, one million of migrants have arrived to the country in the last year.