German Bundestag approves 140 bln euros extra debt in 2022


  • World
  • Saturday, 21 May 2022

BERLIN, May 20 (Xinhua) -- The budget committee of German Bundestag (lower house of Parliament) on Friday adopted the country's annual budget for 2022, allowing total spending of 496 billion euros (523.5 billion U.S. dollars) and about 140 billion euros in new debt.

The new debt includes a supplementary budget of around 40 billion euros that was submitted at the end of April for "measures directly related to the consequences" of the Russia-Ukraine conflict, according to the Federal Ministry of Finance (BMF).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Yellen says range of options to deal with frozen Russian assets
Kenyan military deployed as East Africa floods kill dozens
Lukashenko talks up threats to Belarus to justify 'nuclear deterrence'
Italy's state TV journalists to strike over Meloni government's grip
Harvey Weinstein's conviction overturned by top New York court
Russia says it may downgrade ties with US if its assets are confiscated
Iraq hangs 11 convicted of terrorism in latest mass executions, security officials say
Spain prosecutor asks court to throw out corruption case against PM Sanchez's wife
India says US human rights report "deeply biased"
Lawyers seek UN help for release of American held by the Taliban

Others Also Read