Sources in the Berlin finance ministry say the new EU rules will require Germany to further fiscal consolidation.
Valeria Stihi
International
Foto: Pixabay.com
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The budget plan submitted by the German authorities shows that Europe's largest economy will have to limit its net spending growth to 2.25% year-on-year in 2025, from 3.75% this year. Germany's government deficit is also projected to fall to 1.75% of GDP in 2025.
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