Term from German budget law, widely explained in Section 18 of the Federal Budget Code. The key point is the provision from Article 115 of the Basic Law, according to which revenues from loans may in principle only be included in the (federal) budget up to the amount of expenditures for investments.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/