德国大联盟政府财政政策分析

A Study of Financial Policies of German Grand Coalition

大联盟政府于2005年末上台时,德国正面临着严重的结构性财政危机:一方面,财政收支持续失衡,已连续四年超过欧盟《稳定与增长公约》的规定;另一方面,财政政策的制定陷入了促进经济增长的扩张性政策诉求与减少赤字的两难抉择之中。该政府在上台后将整治财政作为整个社会经济改革的切入点,有计划、有步骤地推行了一系列的措施,在短短两年之间取得了显著成果。

The German grand coalition came into office in 2005, when Germany was faced with the structural financial crisis. On the one hand, its financial revenue and expenditure continued to be out of balance, deficits exceeding the provisions of the EU＇s Stability and Growth Pact for four consecutive years; on the other hand, the financial policy making falls into a dilemma of the demand of cutting down financial deficits and the expansionary policy appeal to promote economic growth. The grand coalition took regulation of finance as the breakthrough point of social and economic reform when it came to office. And then, it adopted a series of planned measures step by step. It made great differences in two years.