September 20, 2019 / 1:42 PM / 24 days ago

Germany's Merkel: We remain committed to the black zero

German Chancellor Angela Merkel gives a speech during a ceremony for the "Jugend Forscht" (Young Researcher) award in the chancellery in Berlin, Germany, September 19, 2019. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - German Chancellor Angela Merkel said on Friday that her government would stick to its balanced budget goal of not taking on new debt after the government agreed a climate protection package worth 50 billion euros ($55.2 billion) through to 2023.

“We remain committed to the black zero (policy of no fiscal deficits),” Merkel told reporters in Berlin.

Finance Minister Olaf Scholz said the climate package would bring additional revenues through a carbon price system for transportation and heating in buildings as well as other measures such as higher road tolls for trucks.

Reporting by Michael Nienaber, reporting by Thomas Escritt

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