September 16, 2019 / 10:14 AM / a month ago

German FinMin sees no need yet to abandon balanced budget over climate plan

FILE PHOTO: German Vice Chancellor and Finance Minister Olaf Scholz looks on during the "Open Door Day" of the Federal Ministry of Finance in Berlin, Germany, August 17, 2019. REUTERS/Annegret Hilse/File Photo

BERLIN (Reuters) - The German government has enough other options to consider for funding a planned climate package before it needs to discuss sacrificing its “black zero” balanced-budget policy, Finance Minister Olaf Scholz said on Monday.

“For me, we have sufficient options for action that we should first exhaust before such a discussion makes sense,” Scholz told a news conference with other senior figures from his Social Democrats, junior partner in Chancellor Angela Merkel’s ruling coalition.

Reporting by Paul Carrel; Editing by Michelle Martin

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