Hamburg Lawmakers Propose Constitutional Amendment to Leverage Debt Brake Reform
SPD and Greens submit a formal proposal to align Hamburg's constitution with federal reforms, unlocking new funding for critical investments.
- Hamburg's SPD and Greens have officially introduced a proposal to amend the state constitution, enabling the city to utilize expanded borrowing powers under Germany's reformed debt brake policy.
- The amendment would allow Hamburg to access funding from the federal €500 billion investment package for infrastructure, defense, and climate projects.
- The proposed changes aim to ensure legal clarity and fiscal security while maintaining the debt brake's core principle of balanced budgets with borrowing allowed only under strict conditions.
- The constitutional amendment requires a two-thirds majority in Hamburg's Bürgerschaft, making CDU support essential for its passage.
- Critics, including the AfD, continue to oppose the reforms, arguing that increased borrowing undermines financial responsibility and future generations' interests.