PUBLIC FINANCE · 30% TARGET ·
Ban tax cuts financed by debt
The financing lock connecting the 30% tax target to the constitutional ban on ordinary structural deficits.
A simple rule for every future permanent tax cut
No permanent tax or contribution cut may enter into force if, all else equal, it would make the structural budget deficit.
Implementing law should require multi-year financing certification, identify the recurring spending reduction or revenue source, and automatically pause any not-yet-activated step if savings fail to materialise.
What the rule does not ban
It does not ban a constitutionally authorised temporary crisis measure or a cut matched by a certain structural saving. It bans shifting the financing of today’s tax promise onto future taxpayers through debt.