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Germany Avoiding New Debt Exceeding EUR 100 B

M. Ali 3 September, 2020 7:48 pm Market Update

Germany aims at avoiding its public debt going above EUR 100 billion next year, despite increased spending to face the impacts of the COVID-19 crisis, Reuters reported

The German Minister of Finance, Olaf Scholz, reportedly plans the 2021 public budget with EUR 80 billion in new debts, however, the German public debt is set to return to its limits according to the constitution by 2022.

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