BERLIN (MNI) – The Institute for the World Economy (IfW), one of
the Germany’s leading economics research institutes, expects German
federal net new borrowing to amount to E53 billion in 2010 and E50
billion in 2011, IfW economist Alfred Boss told German business daily
Handelsblatt in an interview published Friday.
Finance Minister Wolfgang Schaeuble said recently he expects
federal net new borrowing of below E60 billion this year, down from the
previously forecast E65.2 billion.
In its medium-term fiscal outlook passed in July, the government
projected federal net new borrowing of E57.5 billion in 2011, E40.1
billion in 2012, E31.6 billion in 2013 and E24.1 billion in 2014.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com —
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