Spiegel news magazine report (via Reuters), citing finance ministry documents:

  • German government's public deficit reaching 4.5%, due mainly to energy relief measures
  • A deficit of 4.5% of gross domestic product (GDP) is more than double the amount originally calculated, according to Spiegel
  • deficit should drop to 2% in 2024
  • to 1.5% in 2025 and 2026, as state aid becomes limited and expires over the course of 2024 under current government plans


Given the extent of energy relief measures is this really all that much of a surprise?

EUR update:

eur 09 December 2022