There was way less national debt before Covid-19 but the actual issue is that in 2011, the neoliberals pushed through a constitutional amendment requiring the country to have a balanced budget.
Then Covid comes and the war in Ukraine. The covid expenses are a given, but then the government pumps a lot of money into the military because the government sees itself as part of the western bloc and wants it to survive.
So they ran a deficit budget for two years as an arbitrary exemption, and now the constitutional court says “you can’t actually” - so the government is gonna do austerity now and throw people under the tank it just bought.
There’s no risk of collapse whatsoever. It’s just the new (old) form of the bourgeois state enforcing bourgeois interests.
The budget hole is actually not a big deal.
There was way less national debt before Covid-19 but the actual issue is that in 2011, the neoliberals pushed through a constitutional amendment requiring the country to have a balanced budget.
Then Covid comes and the war in Ukraine. The covid expenses are a given, but then the government pumps a lot of money into the military because the government sees itself as part of the western bloc and wants it to survive.
So they ran a deficit budget for two years as an arbitrary exemption, and now the constitutional court says “you can’t actually” - so the government is gonna do austerity now and throw people under the tank it just bought.
There’s no risk of collapse whatsoever. It’s just the new (old) form of the bourgeois state enforcing bourgeois interests.