German Chancellor Friedrich Merz promises to strengthen the debt brake as the country's ability to service its debt worsens

German Chancellor Friedrich Merz said he would press the debt brake with "both feet" if Germany's ability to service its loans was in question.

Merz believes Germany remains a “first-class borrower” in the global market.

BERLIN, September 16 - RIA Novosti. German Chancellor Friedrich Merz has promised to press the debt brake “with both feet” if Germany’s ability to service its loans is in question.

“If this (Germany’s ability to service the national debt - ed.) comes into question, I will put both feet on the brake,” Merz said, as quoted by Reuters.

At the same time, according to Merz, Germany remains a “first-class borrower” on the world market.

At the beginning of September, the German Audit Chamber predicted an increase in budget expenditures that the German government will spend on servicing the national debt: from the current 5.8% to 12.7% in 2030. The agency also warned that public debt will grow faster than the country's GDP.