German government's public deficit will be much higher in 2023 than previously thought<p>Spiegel news magazine report (via Reuters), citing finance ministry documents:</p><ul><li>German government's public deficit reaching 4.5%, due mainly to energy relief measures</li><li>A deficit of 4.5% of gross domestic product (GDP) is more than double the amount originally calculated, according to Spiegel</li><li>deficit should drop to 2% in 2024</li><li>to 1.5% in 2025 and 2026, as state aid becomes limited and expires over the course of 2024 under current government plans</li></ul><p>---</p><p>Given the extent of energy relief measures is this really all that much of a surprise?</p><p>EUR update:</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: German government's public deficit will be much higher in 2023 than previously thought (https://www.forexlive.com/news/german-governments-public-deficit-will-be-much-higher-in-2023-than-previously-thought-20221209/https://www.forexlive.com/news/german-governments-public-deficit-will-be-much-higher-in-2023-than-previously-thought-20221209/)
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