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German government deficit could hit 3.5% in 2023 – Spiegel

By:
Reuters
Updated: Nov 18, 2022, 14:22 GMT+00:00

BERLIN (Reuters) - Germany's government deficit could reach as high as 3.5% next year, the Spiegel news magazine reported on Friday citing experts from the Finance Ministry.

The European Central Bank (ECB) presents the new 50 euro note at the bank's headquarters in Frankfurt

BERLIN (Reuters) – Germany’s government deficit could reach as high as 3.5% next year, the Spiegel news magazine reported on Friday citing experts from the Finance Ministry.

According to their estimates, the public debt ratio will rise to over 67% in 2023 and remain largely stable in the years following, the report said.

(Writing by Rachel More, editing by Hans Seidenstuecker)

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