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German government expects yet larger budget surplus to 2022 - Handelsblatt

Published 20/04/2018, 07:32
Updated 20/04/2018, 07:40
© Reuters. The Frankfurt skyline with its financial district is photographed on early evening in Frankfurt

BERLIN (Reuters) - Germany's finance ministry expects rising revenues to generate financial wiggle room of 70 billion euros (£61.4 billion) to 2022, newspaper Handelsblatt reported, citing an internal document.

It said the wiggle room for the legislative period 2017-2021 remained at 46 billion euros.

The finance ministry's paper warned that there was no room for extra spending though, since the extra cash - 23.5 billion euros expected to flow in 2022 - was needed to continue new projects established during the 2017-2021 legislative period.

© Reuters. The Frankfurt skyline with its financial district is photographed on early evening in Frankfurt

"The wiggle room for the entire new finance plan is 70 billion euros," the document stated.

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