Home German Cabinet approves draft budget for 2021, EUR96.2 billion new debt

German Cabinet approves draft budget for 2021, EUR96.2 billion new debt

Updated: 23 Sep. 2020 | 11:47

A German government official said on Wednesday, the Cabinet approved a draft budget for next year, as proposed by the Finance Minister Olaf Scholz.

The budget sets aside a net new debt of EUR96.2 billion euros or $112.43 billion to offer further financial support to cushion the impact of the coronavirus crisis.

developing story ….

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