Germany sets 2021 budget, including 180 billion euros in new debt

Germany is set to take out almost 180 billion euros (214.6 billion dollars) in new debt next year, according to the nation’s 2021 budget, which has grown in recent weeks to allow for the mounting costs of the pandemic in Europe’s biggest economy.The budget was agreed to early Friday following overnight discussions by a parliamentary committee. The Bundestag parliament is expected to pass the framework in a vote in December.The German state is to spend around 498.6 billion euros in 2021 – almost as much as its outgoings this year, when the government freed up billions for business aid and stimu…

Read More

HEDGE accordingly