Finance minister says Germany preparing 150 billion euro supplementary budget

FILE PHOTO: German Minister of Finance Olaf Scholz speaks during a plenum session at the lower house of parliament, Bundestag, in Berlin, Germany March 13, 2020. REUTERS/Annegret Hilse

FRANKFURT (Reuters) - German finance minister Olaf Scholz said on Saturday that the government was readying a supplementary budget of 150 billion euros (137 billion pounds), as part of a broader funding package to tackle the economic impact of the coronavirus outbreak.

"A hundred and fifty billion is a large amount, but it gives us the flexibility that we now need," Scholz said.