The German Ministry of Finance will allocate 16.6 billion Euros for the debts of 2024. knowledgeable German television channel Tagesschau.
In fact, this shows that the German government will use the so-called debt brake rule for the first time since the beginning of the coronavirus pandemic, that is, it will be prohibited from spending more than it receives from the budget. The budget was accepted. The government is expected to give its final approval on Wednesday. It provides €445.7 billion in spending in 2019, 25% more than before the pandemic. The budget at that time was 356 billion euros.
“The Ministry of Finance plans to stick to a strict budgetary route in the coming years. Spending and measures should be prioritized and potential savings opportunities identified and implemented, German Finance Minister Christian Lindner said in a statement.
It is planned to increase the budget of the Ministry of Defense from approximately 50.1 euros to 51.8 billion euros, the budget of the Ministry of Labor and Social Affairs from approximately 166.2 euros to 171.7 billion euros, and development and humanitarian aid expenditures will be increased.
German Federal Statistical Office in March reportedIt has been reported that Germany’s public debt has reached a record level, reaching 2.37 trillion euros due to the coronavirus pandemic and spending to fight the energy crisis.
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