German Finance Minister Christian Lindner said on Monday that the government plans to submit the budget draft at the start of next month without including an increase in taxes and complying with the constitutional debt brake.
"If our country is to have a future, we cannot continually have defensive spending and focus on financing the past... In an aging society, social contributions and interest payments will slowly strangle us," Lindner told an event organized by the German industry association BDI.
The country's three-party coalition consisting of Free Democrats, the Social Democrats, and the Greens has been in dispute over the budget in recent months, mainly discussing spending plans that could significantly exceed revenues.
