‘We’ll be struggling well into next year’: German borrowing to soar amid pandemic

‘We’ll be struggling well into next year’: German borrowing to soar amid pandemic

Germany on Friday passed a 2021 budget that once again smashes its "debt brake" rule, promising to shield businesses and workers from the economic hit of the pandemic as cases continue to rise.

Germany to take on €70 billion more in new debt than expected in 2021

Germany to take on €70 billion more in new debt than expected in 2021

Economic experts blast tax cut plans

Economic experts blast tax cut plans

Unemployment insurance tipped to rise

Unemployment insurance tipped to rise

Schäuble foreshadows serious belt tightening

Schäuble foreshadows serious belt tightening

Schäuble defends record new debt in 2010 budget

Schäuble defends record new debt in 2010 budget

CDU state premiers step up attack on Merkel’s tax cuts

CDU state premiers step up attack on Merkel’s tax cuts

Demand for tax cuts in Germany grows after record budget surplus

Demand for tax cuts in Germany grows after record budget surplus

Germany debates how to spend massive budget surplus

Germany debates how to spend massive budget surplus

Should Germany boost spending to help revive Europe?

Should Germany boost spending to help revive Europe?

‘Germany will do what’s needed without new debts’

‘Germany will do what’s needed without new debts’

Interior Ministry begs for more cash after ‘forgetting’ landmark reunification celebration

Interior Ministry begs for more cash after ‘forgetting’ landmark reunification celebration

Brexit and budget top lively Bundestag debate led by Merkel

Brexit and budget top lively Bundestag debate led by Merkel

Paris, Berlin agree on future eurozone budget: French ministry source

Paris, Berlin agree on future eurozone budget: French ministry source

Finance Minister refuses to budge on tax relief

Finance Minister refuses to budge on tax relief

Merkel meets Macron halfway on eurozone reforms

Merkel meets Macron halfway on eurozone reforms

Deutsche Bahn to offer new budget ticket for long distance travellers

Deutsche Bahn to offer new budget ticket for long distance travellers

New German budget: (slightly) more money in taxpayers’ pockets

New German budget: (slightly) more money in taxpayers’ pockets

Merkel’s coalition bickers over military and aid spending

Merkel’s coalition bickers over military and aid spending

Germany recorded record budget surplus of €36.6 billion last year

Germany recorded record budget surplus of €36.6 billion last year

AfD clinches top budget post after being shunned for parliamentary jobs

AfD clinches top budget post after being shunned for parliamentary jobs

IMF boss urges Germany to invest more domestically to secure long-term growth

IMF boss urges Germany to invest more domestically to secure long-term growth

First coalition talks milestone reached, as parties agree on balanced budget

First coalition talks milestone reached, as parties agree on balanced budget

Germany books record budget surplus in first half of 2017

Germany books record budget surplus in first half of 2017

Germany records record budget surplus thanks to healthy trade

Germany records record budget surplus thanks to healthy trade

How will Germany spend its €6 billion surplus?

How will Germany spend its €6 billion surplus?

Refugee spending won’t affect balanced budget: Schäuble

Refugee spending won’t affect balanced budget: Schäuble

Mega budget surplus is Germany’s best since 1990

Mega budget surplus is Germany’s best since 1990

Germany ‘must act now to defuse debt time bomb’

Germany ‘must act now to defuse debt time bomb’

EU official backs German migrant fuel tax idea

EU official backs German migrant fuel tax idea

Germany to spend €17b on refugees in 2016

Germany to spend €17b on refugees in 2016

Economy on song as govt boosts surplus

Economy on song as govt boosts surplus

Ministry under fire for €8.7bn helicopter order

Ministry under fire for €8.7bn helicopter order

German economy beats 2014 growth predictions

German economy beats 2014 growth predictions

Schäuble gets his balanced budget early

Schäuble gets his balanced budget early

Bundestag passes debt-free budget for 2015

Bundestag passes debt-free budget for 2015

Germany agrees in-the-black budget for 2015

Germany agrees in-the-black budget for 2015

Germany to increase spending by €10 billion

Germany to increase spending by €10 billion

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Schäuble’s balanced budget dream in danger

Income taxes ‘to be cut from 2016’

Income taxes ‘to be cut from 2016’

Cash-strapped police disband display team

Cash-strapped police disband display team

Is Erasmus really worth its budget boost?

Is Erasmus really worth its budget boost?

IMF trims German 2013 growth forecast

IMF trims German 2013 growth forecast

IMF backs thrifty German budget policy

IMF backs thrifty German budget policy

Germany agrees to ‘historic’ balanced budget

Germany agrees to ‘historic’ balanced budget

Merkel urges European Parliament to ok budget

Merkel urges European Parliament to ok budget

Merkel joins Cameron to push EU to trim budget

Merkel joins Cameron to push EU to trim budget

Politicians warn against more defence cuts

Politicians warn against more defence cuts

FDP demands flat-rate cut to all ministries

FDP demands flat-rate cut to all ministries

Budget balance demands billions more in cuts

Budget balance demands billions more in cuts

Merkel keeps UK close as EU budget talks fail

Merkel keeps UK close as EU budget talks fail

Budget ‘full of tricks’ banned to Greeks

Budget ‘full of tricks’ banned to Greeks

Germany rakes in record tax income

Germany rakes in record tax income

Bad bank finds €56 bln after checking sums

Bad bank finds €56 bln after checking sums

Coalition agrees to tax cuts in 2013

Coalition agrees to tax cuts in 2013

Report: defence cuts endangering soldiers

Report: defence cuts endangering soldiers

Germany cuts deficit faster than expected

Germany cuts deficit faster than expected

Tax cuts will be moderate, says Merkel

Tax cuts will be moderate, says Merkel

Merkel calls for Italian cuts to steady eurozone

Merkel calls for Italian cuts to steady eurozone

FDP tax revolt threatens Merkel’s budget

FDP tax revolt threatens Merkel’s budget

Merkel’s cabinet backs budget and tax cuts

Merkel’s cabinet backs budget and tax cuts

Coalition agrees to tax cuts in 2013

Coalition agrees to tax cuts in 2013

Euro bailouts push up German debt

Euro bailouts push up German debt

Germany blasts proposed EU budget

Germany blasts proposed EU budget

Former Merkel advisor’s tax plan unfair, CSU says

Former Merkel advisor’s tax plan unfair, CSU says

Chance of tax cuts dims as squabble goes on

Chance of tax cuts dims as squabble goes on

SPD calls for more education spending

SPD calls for more education spending

Budget row could prompt new North Rhine-Westphalia vote

Budget row could prompt new North Rhine-Westphalia vote

Booming economy seen shrinking deficit in coming years

Booming economy seen shrinking deficit in coming years

New flight tax pushing passengers to airports abroad

New flight tax pushing passengers to airports abroad

Merkel attacks ‘obstructionist’ Greens

Merkel attacks ‘obstructionist’ Greens

Debt hits new record high

Debt hits new record high

Income tax could vary by city under government plan

Income tax could vary by city under government plan

Merkel rejects EU tax

Merkel rejects EU tax

Merkel calls for global financial market tax

Merkel calls for global financial market tax

Merkel’s cabinet backs tough austerity package

Merkel’s cabinet backs tough austerity package

Up to €500 million in tax cuts on the way

Up to €500 million in tax cuts on the way

Politicians want car scrapping money back

Politicians want car scrapping money back

Ministers sabotage Merkel’s austerity drive

Ministers sabotage Merkel’s austerity drive

Poor families hit by parenting payment cuts

Poor families hit by parenting payment cuts

Free Democrats pick new fight over airport tax

Free Democrats pick new fight over airport tax

Germany to hit EU deficit target a year early

Germany to hit EU deficit target a year early

Berlin: Belt-tightening won’t hit Afghan mission

Berlin: Belt-tightening won’t hit Afghan mission

Germany touts lower deficit as an example to Europe

Germany touts lower deficit as an example to Europe

Berlin aims to end big pharma’s price monopoly

Berlin aims to end big pharma’s price monopoly

Merkel hits back at Obama fiscal criticism

Merkel hits back at Obama fiscal criticism

Windfall raises fresh calls for tax cuts

Windfall raises fresh calls for tax cuts

Armed forces personnel could be cut by 100,000

Armed forces personnel could be cut by 100,000

Germany to take on less debt than projected

Germany to take on less debt than projected

Police injured in Berlin anti-budget demo

Police injured in Berlin anti-budget demo

Where the axe has fallen: a budget cut breakdown

Where the axe has fallen: a budget cut breakdown

Austerity package sparks heated debate

Austerity package sparks heated debate

Axe falls on welfare and family benefits

Axe falls on welfare and family benefits

Merkel to cut social services in tight budget

Merkel to cut social services in tight budget

Unions warn unfair cuts would prompt trouble

Unions warn unfair cuts would prompt trouble

D-Day arrives for Germany’s budget

D-Day arrives for Germany’s budget

Schäuble moots hiking ‘solidarity’ tax to help rescue budget

Schäuble moots hiking ‘solidarity’ tax to help rescue budget

Coalition forced to weigh up tax hikes

Coalition forced to weigh up tax hikes

Military cuts unavoidable, says Guttenberg

Military cuts unavoidable, says Guttenberg

German budget heading for record deficit

German budget heading for record deficit

Germany rejects Spanish plans to penalise EU budget breakers

Germany rejects Spanish plans to penalise EU budget breakers

Government approves €8.5-bln fiscal package

Government approves €8.5-bln fiscal package

Bad economy spurs jobs agency deficit

Bad economy spurs jobs agency deficit

State resistance to new tax cuts grows

State resistance to new tax cuts grows

Child benefit hikes in doubt as budget tightens

Child benefit hikes in doubt as budget tightens

Ulla Schmidt won’t be audited in car scandal

Ulla Schmidt won’t be audited in car scandal

Berlin slams French deficit rules proposal

Berlin slams French deficit rules proposal

Recession blows hole in German budget

Recession blows hole in German budget

Parliament approves record 2009 budget

Parliament approves record 2009 budget

Government spending, borrowing up in 2009

Government spending, borrowing up in 2009

Steinbrück bets 6 bottles of wine on balanced budget by 2011

Steinbrück bets 6 bottles of wine on balanced budget by 2011

Germany to hike food aid by €10 million

Germany to hike food aid by €10 million