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Germany will stick to debt brake in 2023 despite new relief package - minister

Published 09/04/2022, 06:12 AM
Updated 09/04/2022, 06:15 AM

BERLIN (Reuters) - Germany's constiutional debt brake will not be affected by a 65 billion euro ($64.68 billion) relief package to help citizens and companies cope with rising inflation, Finance Minister Christian Lindner said in Sunday.

Lindner said planned relief measures were possible within existing budget plans for 2022 and 2023 as inflation had recently given the state high tax revenues.

© Reuters. FILE PHOTO: German Finance Minister Christian Lindner gives a statement, following a meeting of the Group of Seven (G7) finance ministers in Berlin, Germany September 2, 2022. REUTERS/Michele Tantussi/File Photo

He said no supplementary budget for 2022 will be necessary to finance the package.

($1 = 1.0049 euros)

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