On Wednesday, Prime Minister Xavier Bettel stressed the government’s intention of keeping the state debt below 30% of GDP, a threshold retained in the coalition agreement of the current legislative period. The politician from the Democratic Party (DP) further underlined the importance of maintaining the Grand Duchy’s Triple A rating.
Read also: PM Bettel outlines government position ahead of tripartite meetingMinister of Agriculture, Viticulture and Rural Development Claude Haagen has now entered a respective debate on social media, expressing support for a statement made by former LSAP minister, MP, and member of the state council Alex Bodry.
On Twitter, Bodry wrote: “The 30% GDP threshold for the state debt is an artificial political goal. The only binding debt limit for EU countries is 60%. Extraordinary situations sometimes demand extraordinary and temporary budgetary efforts.”
Minister Haagen expressed support for the statement, noting that these extraordinary times require freedom from budgetary dogmatism.
