BERLIN (MNI) – The German government cabinet on Wednesday approved
the second supplementary budget for this year in order to finance
Germany’s contribution to the capital increase of the European
Investment Bank (EIB).
The expected federal net new borrowing need this year remains
unchanged at E32.1 billion.
Additional expenditures of E2.2 billion, which include the E1.6
billion for the EIB capital increase and a few other new financing
needs, were offset by lower interest rate payments, the Finance Ministry
said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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