Which of the following countries first introduced the debt brake rule?

A. Germany

B. Spain

C. Switzerland

D. Austria

Facts About Debt Brake Rule:

First implemented in Switzerland, the debt brake rule is often referred to as a fiscal rule or fiscal responsibility law. The debt brake was enacted by Switzerland in 2003 under its federal constitution. By capping the increase in government spending at the rate of average income growth over several years, the debt brake seeks to maintain fiscal restraint. The goal of this mechanism is to encourage a sustainable fiscal strategy and stop the unmanageable public debt from growing. Since then, to uphold economic responsibility and stability, several nations have given similar regulations some thought or put them into effect.