Because of the high corona costs, the federal government borrowed the record amount of around 483 billion euros on the financial market in the year ending.
(Photo: imago images / Christian Ohde)
Frankfurt The old government made the budget in the summer, now a new government is at the helm. That doesn’t make planning any easier for the federal debt managers – especially since the new Federal Finance Minister Christian Lindner (FDP) is already calling for a supplementary budget of 60 billion euros.
The federal debt manager is the finance agency, and it has now presented its plans for the coming year – but with reservations. “We can fall back on different instruments, but there are still imponderables,” said finance agency boss Tammo Diemer.
But one thing is already certain: Germany will have to collect well over 409 billion euros in the money and capital markets in the new year. A large part of 322 billion euros goes into the repayment of old debts.
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