Germans Worry About High Debt as Poll Reveals Concerns About Spending
A recent poll, the DUP Monitor July, reveals a majority of participants' concerns about Germany's rising debt and spending. Eighty-eight percent fear high debt will excessively burden future generations. Meanwhile, only five percent anticipate positive impacts from these investments.
The federal deficit is projected to reach 81.8 billion euros this year, excluding additional funds for military, infrastructure, and climate neutrality. Seventy-seven percent of respondents do not welcome the increase in government spending and high new debt, while twenty percent welcome it. Only twelve percent do not share these concerns about high debt.
In the realm of e-mobility, companies operating car rental or leasing businesses, car sharing providers, and fleet owners in the commercial sector express interest in subsidies for rented electric vehicles. Currently, incentives and tax relief primarily target businesses and commercial users, not private individuals. Thomas Weis, CEO of NTW Network Telecom Data Technology in Waiblingen, criticizes the decision to only support e-mobility through purchase, advocating for leasing support as well.
Eighty-nine percent of respondents deem it unfair that only industry and agriculture will benefit from a reduction in electricity tax. In the entrepreneurs surveyed, eighty percent do not expect their small business ideas to benefit from investments from the special funds. However, Heide Steyer of the eponymous artificial flower factory in Arnsdorf praises the 2025 investment booster for promoting innovation and sustainable technologies.
The DUP Monitor July underscores Germans' worries about high debt and spending, with only a small fraction expecting positive impacts. In the e-mobility sector, businesses call for broader subsidy support, while respondents criticize the electricity tax reduction's limited beneficiaries. Despite these concerns, some entrepreneurs, like Heide Steyer, welcome the 2025 investment booster for their my business.
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