German coalition to stretch debt repayment, super-charge climate fund


FILE PHOTO: Olaf Scholz, Germany's Social Democratic chancellor-in-waiting, speaks to a a trade union congress in Hanover, Germany, October 27, 2021. REUTERS/Fabian Bimmer

BERLIN (Reuters) - Germany's new coalition parties agreed to create more fiscal firepower for election promises by stretching the repayment period of coronavirus debt and bolstering the government's climate investment fund with a budget manoeuvre.

The budget plans by Chancellor-in-waiting Olaf Scholz, as presented by the three parties in their joint coalition deal on Wednesday, confirmed an exclusive Reuters report from earlier this month.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Macron says US Supreme Court tariff ruling shows it is good to have counterweights to power in democracies
Analysis-Trump pushes US toward war with Iran as advisers urge focus on economy
Trump meets Vietnam leader, vows to remove Hanoi from restricted lists
Analysis-Supreme Court checks Trump's expansive view of executive power
Trump furious after Supreme Court upends his global tariffs, imposes new 10% levy
US says it struck vessel in the eastern Pacific, killing three men
1st LD: Trump says he will sign order imposing 10 pct global tariff
Tajikistan's population reaches 10.72 million
Switzerland takes men's curling bronze, Sweden, Switzerland set up women's final at Milan-Cortina
Coventry hails Milan-Cortina Games as 'truly successful'

Others Also Read