Percorso:ANSA > Nuova Europa > Business > Germany plans return to debt-limit rules in 2023
Germany plans return to debt-limit rules in 2023
The government will borrow 17.2 billion euros next year
29 June, 15:08 (ANSA-AFP) - BERLIN, JUN 29 - Germany will reinstate its
so-called debt brake in 2023 after suspending it for three years
to cope with the impact of the coronavirus pandemic, sources in
the finance ministry said Wednesday. The government will borrow
17.2 billion euros ($18.1 million) next year, adhering to the
rule enshrined in the constitution that normally limits
Germany's public deficit to 0.35 percent of overall annual
economic output, despite new spending as a result of the war in
Ukraine, the sources said. (ANSA-AFP).
© Copyright ANSA - All rights reserved