Home News Germany’s debt interest payments could soar next year, finance minister warns

Germany’s debt interest payments could soar next year, finance minister warns

by admin
0 views

German Finance Minister Christian Lindner speaks during a session of German lower house of parliament, Bundestag, in Berlin, Germany May 31, 2022. REUTERS/Hannibal Hanschke

Register now for FREE unlimited access to Reuters.comBERLIN, June 18 (Reuters) – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest rates and growing debt levels, adding that he would resist calls to increase spendinga.

Lindner said he wanted to bring an end next year to the three years of government largesse that had characterised attempts to prop up the economy through the coronavirus crisis and reapply Germany’s constitutional debt brake next year.

“We are experiencing dangerous inflation that has to be braked,” he told the Welt am Sonntag newspaper in an interview. “Preparedness to take entrepreneurial risks could be reduced. We can’t let this become an economic crisis.”

Germany spent 4 billion euros on interest last year, said Lindner, from the business-friendly Free Democrat party, adding that he would resist calls from his coalition partners for increased spending.

“We can’t afford ill-directed subsidies any more,” he said. He listed subsidies for buying electric and hybrid cars that were available even to very high earners as examples of subsidies that should be scrapped.

Register now for FREE unlimited access to Reuters.comReporting by Thomas Escritt;
Editing by Sandra Maler

Our Standards: The Thomson Reuters Trust Principles.

Source : Reuters

Related Articles

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

NEWS7.ASIA :Germany’s debt interest payments could soar next year, finance minister warns
https://signaturecleaningtn.com   https://mesothelioma-info.info   https://www.jeuxjouetsremise.com/   https://ventilateurdeplafond.org   https://www.cernodesign.com  
--
Pearhead Cartes Photo pour Animal Domestique *  Playmobil – Soigneur avec Girafe – 9380 *  Brain Scan May Help Diagnose Alzheimer’s Disease *  Salt & Pepper Mit Feuerwehr Druck Short Garçon *  adidas Edge Lux 3 Chaussures, Course Femme *  * Tombo N ° 1521 Band Deluxe Key of A-natural-minor *  Meinl Percussion MSTTB Sac de transport pour tambourin standard Noir *  https://www.everythingfoodanddrink.org   https://www.deguisements-fetes.fr/   https://www.omyoga.eu   https://www.v46.org/   https://www.planchaelectrique.org   https://www.aljomhoor.net   https://www.espace-livres.com   https://www.100-chaussures.com   Germany’s debt interest payments could soar next year, finance minister warns : news7

news7.asia Germany’s debt interest payments could soar next year, finance minister warns