BERLIN (Reuters) - The German government faces a gap of around 100 billion euros for its budget plans through 2023 as the economy cools, Der Spiegel reported on Friday, citing a paper by experts in the parliamentary group of Chancellor Angela Merkel's conservatives.
The government posted a budget surplus of some 11 billion euros ($12.68 billion) in 2018 as robust economic growth boosted tax revenues.
But expected increased outgoings on development aid, EU contributions and defense spending posed a budget risk in the period through to 2023 as they were not yet financed, Der Spiegel added.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.