The German government may receive an additional 5

Aihucha News, October 11: The German federal government will have room to increase net borrowing by about 5 billion euros (about 5.3 billion U.S. dollars) next year thanks to a mechanism that allows the addition of new debt during an economic recession. German Finance Minister Lindner had predicted that net borrowing in 2024 would be 16.6 billion euros, making the federal government's financial situation once again in line with the "debt limit" stipulated in the constitution. The Economy Ministry will publish a revision of its GDP forecast for 2023 on Wednesday, from a previous forecast of growth of 0.4% to a contraction of 0.4%, people familiar with the matter said, providing room to expand new borrowing to about 22 billion euros in line with budget rules. A female Treasury spokesperson said adjustments to the government's economic forecasts often result in changes to the amount of new debt allowed. But she added that this would not necessarily create additional spending space.