The German government’s public deficit will be much higher in 2023 than previously thought

Spiegel news magazine report (via Reuters), citing Treasury Department documents:

  • German government’s public deficit reaches 4.5%, mainly due to energy aid measures
  • A 4.5% deficit in gross domestic product (GDP) is more than double the amount originally calculated, Spiegel says
  • the deficit is expected to fall to 2% in 2024
  • to 1.5% in 2025 and 2026, as state aid becomes limited and expires in the year 2024 under current government plans

Given the scale of the energy relief measures, is this really a surprise?

USD update:


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button