FRANKFURT (MNI) – Germany’s net federal new borrowing will likely
not exceed E54 billion this year, sources close to the government told
German business daily Handelsblatt, the paper reported Thursday morning.
And, “without extraordinary effects new borrowing can even be below
this value,” the sources told the paper. The finance ministry did not
comment on the figures, Handelsblatt said.
The new borrowing forecast will have an impact on Germany’s
sovereign debt issuance as well. The paper reports that Germany’s
Federal Finance Agency will cut gross debt issuance in the fourth
quarter by just under E30 billion.
[TOPICS: MT$$$$,M$G$$$,M$X$$$,MGX$$$,MFX$$$]
