Ekonomi Islam & GlobalEnglish

Germany’s Scholz Plans 2021 Budget With New Debt Of Over €80b, Says Source

German Finance Minister Olaf Scholz is working on a budget for next year that would see Berlin take on net new debt of at least €80 billion (RM393 billion) to fund more measures in the fight against the coronavirus pandemic, a source said today.

The exact debt figure is still subject to negotiations within Chancellor Angela Merkel’s conservative-led coalition government, but Scholz is trying to avoid net new debt exceeding €100 billion in 2021, the source told Reuters.

A finance ministry spokesman declined to comment. — REUTERS

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