By Reuters
Share this articleComments
BERLIN (Reuters) - The German government faces a gap of around 100 billion euros (£90.1 billion) 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 in 2018 as robust economic growth boosted tax revenues.
But expected increased outgoings on development aid, EU contributions and defence spending posed a budget risk in the period through to 2023 as they were not yet financed, Der Spiegel added.
(Writing by Paul Carrel, editing by Riham Alkousaa)
Share this articleComments