{"id":43377,"date":"2021-03-24T15:37:16","date_gmt":"2021-03-24T11:37:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43377"},"modified":"2021-03-24T15:37:17","modified_gmt":"2021-03-24T11:37:17","slug":"germany-approves-an-additional-budget-that-includes-a-new-record-borrowing","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/germany-approves-an-additional-budget-that-includes-a-new-record-borrowing\/03\/24\/market-updates\/","title":{"rendered":"Germany Approves an Additional Budget That Includes a New Record Borrowing"},"content":{"rendered":"\n<p>An official said that the government of German Chancellor Angela Merkel approved a debt-financed supplementary budget of 60 billion euros, 71 billion dollars, which raises the new borrowing to a record level exceeding 240 billion euros this year.<\/p>\n\n\n\n<p>The revised budget highlights Berlin&#8217;s willingness to continue huge borrowing-financed spending during the Covid-19 pandemic, as Europe&#8217;s largest economy suffers a third wave of coronavirus infections linked to a more contagious strain.<\/p>\n\n\n\n<p>An official said that Finance Minister Olaf Schultz also proposed a draft budget for next year that includes a net new debt of 81.5 billion euros, which means that Parliament for the third year in a row suspends restrictions imposed by the constitution on borrowing.<\/p>\n\n\n\n<p>The debt plans mean that Germany&#8217;s total borrowing due to the pandemic could exceed 450 billion euros from 2020 to 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An official said that the government of German Chancellor Angela Merkel approved a debt-financed supplementary budget of 60 billion euros, 71 billion dollars, which raises the new borrowing to a record level exceeding 240 billion euros this year. The revised budget highlights Berlin&#8217;s willingness to continue huge borrowing-financed spending during the Covid-19 pandemic, as Europe&#8217;s &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839],"class_list":["post-43377","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=43377"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43377\/revisions"}],"predecessor-version":[{"id":43378,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43377\/revisions\/43378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34631"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}