Baku 4° C
Germany plans to increase new debt by around 70 billion euros in 2021
Finance
- 23 November, 2020
- 06:39
Due to the corona pandemic, the German government wants to incur significantly more debts than initially planned in the next year, Report says, citing Reuters.
While around 96 billion euros in new loans were previously planned, borrowing is now expected to increase by more than 60 billion euros.
Finance Minister Olaf Scholz (SPD) plans at least 160 billion euros in new debt for the coming year, which is over 60 billion euros more than previously known. So far, Scholz had assumed a net borrowing of 96 billion euros. The "Bild" newspaper and the Reuters news agency report on the planned increase in debt.
The Ministry of Finance did not want to comment but referred to the budget's ongoing parliamentary procedure.
Author
Latest News
00:44
Photo
Italian citizen, 12 Azerbaijanis evacuated from Iran through Astara checkpoint
Region00:23
Attacks on Tehran kill supreme leader's daughter-in-law, son-in-law — mayor's office
Other countries23:29
Photo
Measures taken at Astara border crossing amid evacuation of Azerbaijani citizens from Iran
Domestic policy22:15
Photo
Azerbaijan becomes key aviation hub amid escalating tensions in region
Infrastructure21:56
Over 200 killed, more than 700 injured in strikes on Iran — Red Crescent
Region21:07
Azerbaijan calls on parties involved to return to negotiation table
Foreign policy20:37
IAEA says no changes in Iran's radiological situation
Other countries20:34
White House faces risk of air defense shortage at US bases in Middle East
Other countries20:31