BERLIN (Reuters) - Germany’s finance ministry expects rising revenues to generate financial wiggle room of 70 billion euros (£61.4 billion) to 2022, newspaper Handelsblatt reported, citing an internal document.
It said the wiggle room for the legislative period 2017-2021 remained at 46 billion euros.
The finance ministry’s paper warned that there was no room for extra spending though, since the extra cash - 23.5 billion euros expected to flow in 2022 - was needed to continue new projects established during the 2017-2021 legislative period.
“The wiggle room for the entire new finance plan is 70 billion euros,” the document stated.
Reporting by Thomas Escritt; Editing by Michelle Martin