Yes, correct, and thanks for the addition. To illustrate this quite emotional approach to state finances, the policy of not increasing the the debt was nicknamed "the black zero" ("die Schwarze Null") which got so infamous that the employees of the German Federal Ministry of Finances posed as a "black zero" in this photo: https://www.bundesfinanzministerium.de/Content/DE/Bilderstre...

Remember, this was at a time when German government bonds were sold with _negative_ interest. So, Germany was refusing to take on any further debt at the time to invest (i.E. in social capital like workers, better immigration, in infrastructure etc. etc.) and is now trying to rectify this partially, at a time where interest rates are close to 3%. Personally, to me as a non-economist, this feels like a missed opportunity of a lifetime.