The German government will have to borrow 8 billion euros ($11 billion) in new debt in 2014, 2 billion euros more than planned by the previous coalition, German magazine Spiegel reported on Sunday. Citing planning documents from the Finance Ministry, Spiegel said the higher amount is needed to finance some of the measures agreed by Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) in a coalition deal struck late last month, including large new infrastructure investments. Merkel won September's election but fell short of a majority, forcing her into a "grand coalition" with the Centre-left SPD after her previous partners the Free Democrats (FDP) failed to win enough support to enter parliament. A Finance Ministry spokeswoman said the new government had yet to set a budget for the coming year and that this would be tailored to the coalition deal.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor