April 20, 2018 / 6:32 AM / in 6 months

German government expects yet larger budget surplus to 2022 - Handelsblatt

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.

The Frankfurt skyline with its financial district is photographed on early evening in Frankfurt, Germany, March 25, 2018. REUTERS/Kai Pfaffenbach

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below