German 2022 budget plans 100 billion in new borrowing – source

by Aurelia Butler 9 March 2022, 11:01 189 Views

The 100 billion euro special fund for building up Germany’s armed forces, previously announced by Chancellor Olaf Scholz in response to Russia’s invasion of Ukraine, would be financed by borrowing set out in a separate law, the person added.

The 2022 draft budget will be discussed by Germany’s cabinet next Wednesday, along with mid-term financial planning until 2026 and the armed forces special fund.

Source: Economy - investing.com

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German 2022 budget plans 100 billion in new borrowing – source

EU imposes sanctions on more Russians, adds Belarus banks to list

Federal Reserve works with China’s blockchain ally for instant payments

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