December 18, 2018 / 9:07 AM / a month ago

German government to borrow more in 2019 than this year

FILE PHOTO: The skyline with its financial district is photographed in the early evening in Frankfurt, Germany, December 4, 2018. REUTERS/Kai Pfaffenbach

BERLIN (Reuters) - The German government plans to borrow more money in 2019 than it did this year, the finance agency said on Tuesday.

Excluding inflation-linked debt, the agency plans to issue 199 billion euros (179 billion pounds) of debt in 2019, the agency said in a statement. That compares with 173 billion euros this year.

The agency said it planned to issue 156 billion euros in longer-term nominal capital market instruments and 43 billion euros in money market instruments. It added it would also issue between 6 and 10 billion euros in inflation-linked securities.

Reporting by Michelle Martin and Rene Wagner; Editing by Madeline Chambers

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