Aside from the 60bn, the court has decided that the federal budget has to strictly follow the "principle of annuality" (Jährlichkeit) This is actually the *major* impact of the court's ruling. And from an economic point of view, it is pretty crazy. Let me illustrate. /2

Suppose in early December 2024, a natural disaster occurs, say a flooding. Unambiguously, the emergeny clause of the debt brake (Art. 115 GG) could apply, because the event is exogenous, unexpected and outside government control. /3