It is page one news on just about every single German news site.....the Ministry of Finance is short on cash flow, and figures it will grow from 5-billion Euro in 2019 (roughly 6-billion US dollars).....to 25 billion Euro by 2023.
Reason? Economical slowdown.....lowering on expectations for tax revenue.
It's put the Finance Minister (Scholz, SPD) in a difficult position.
Over the past two years, just about every single ministry came out with new promises and increased cost upon the government.
Going back on the promises? I would expect a 5-percent cut on the government budget by the end of this year, and an attempt to revitalize the economy.
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