
die Schuldenbremse
debt brake
A legal regulation that limits the government’s ability to take on new debt. In Germany, the term refers particularly to the limits on new borrowing by the federal government and the states laid down in the Basic Law.
Wegen der Schuldenbremse darf der Bund nur in begrenztem Umfang neue Kredite aufnehmen.
Because of the debt brake, the federal government may take on new loans only to a limited extent.