Merkel stands by principle of balanced budget, spokesman says By Reuters

Merkel stands by principle of balanced budget, spokesman says

Commodities Aug 12, 2019 05:56AM ET

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Merkel stands by principle of balanced budget, spokesman says

BERLIN (Reuters) - German Chancellor Angela Merkel has made it clear that she stands by the principle of a balanced budget, her spokesman said after an official said the finance ministry was considering issuing new debt to finance a climate protection program.

"The chancellor has never left any doubt ... that she stands by the principle of a balanced budget," government spokesman Steffen Seibert told a news conference on Monday.

"We have a policy that is not being called into question that we had balanced budgets in recent years and we continue to strive for those," he added.

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