German gov't net new debt in 2020 about 90 bln euros less than planned


  • World
  • Wednesday, 20 Jan 2021

BERLIN, Jan. 19 (Xinhua) -- Germany's federal government took on significantly less debt last year than originally estimated, the Ministry of Finance (BMF) said on Tuesday.

The country's net new debt was 130.5 billion euros (158.4 billion U.S. dollars) due to "comparatively positive economic, labor market and income developments," according to the preliminary budget published by the BMF.

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