Germany owes 180 billion euros due to Corona

Germany owes 180 billion euros due to Corona
Germany owes 180 billion euros due to Corona

Subscribe to receive the most important news

Germany announced that it will borrow 180 billion euros in 2021 due to the second wave of the Coronavirus (Covid-19) epidemic, which forced it to extend restrictions until January, according to what was stated in the annual budget approved by the Finance Committee in Parliament on Friday.

The budget was approved after 17 hours of discussions. It includes new debts totaling 179.8 billion euros in 2021 and 498.6 billion euros of public expenditures, according to the final document seen by Agence France-Presse.

On Wednesday, German Chancellor Angela Merkel announced the extension of the measures until January, as the health situation is still a cause for concern, and in view of this, Berlin extended for an additional month the urgent aid approved in November to support the companies most affected by these measures, which burdens the budget and preceded Berlin. That you borrowed a record € 217.8 billion in 2020 due to the health crisis.

Berlin expects a 5.5% recession in 2020, before economic activity recovers by 4.4% in 2021 and 2.5% in 2022.

  • The situation in Egypt
  • Injuries
  • Recovered
  • Mortality

These were the details of the news Germany owes 180 billion euros due to Corona for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Biden's top diplomat Blinken says he aims to revitalise alliances, US leadership
NEXT India's foreign ministry launches app to connect to citizens abroad