Germany: debt below 60% in 2019

Merkel spokesman, it happens for the first time in 17 years
Germany: debt below 60% in 2019
06 July 14:21 2018 Print This Article

In 2019, for the first time since 17 years, Germany will see its public debt fall to 58.25% of GDP, and therefore below the threshold of the Maastricht criterion, which provides for a limit of 60%. This was reported by Angela Merkel’s spokeswoman, Steffen Seibert, in Berlin, at a press conference, announcing that the government has launched the draft of the 2019 budget today in a special cabinet session. Also in 2019 there will not be new debts.

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