German government plans to raise its spending by €30.9 billion to €347.8 billion by 2020

Market news

23 March 2016

German government plans to raise its spending by €30.9 billion to €347.8 billion by 2020

Reuters reported on Tuesday that according to a draft of Germany's Finance Ministry, the government plans to raise its spending by €30.9 billion to €347.8 billion by 2020, while the budget should remain balanced. The government expect to boost its spending by €8.6 billion to €325.5 billion in 2017. The 2017 budget and financing plan up to 2020 are expected to be approved on July 06.

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