Economics

Germany Seeks to Raise 2022 Borrowing to About 100 Billion Euros

Finance Minister Scholz to present proposal on Wednesday
Borrowing plan exceeds previous target by roughly a quarter

German Bundestag President Schauble Launches Wirecard AG Probe — Photographer: Krisztian Bocsi/Bloomberg

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By Birgit Jennen

June 17, 2021 at 10:21 AM UTC

Updated on

June 17, 2021 at 11:03 AM UTC

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Germany aims to borrow about 100 billion euros ($120 billion) in additional funds next year -- roughly a quarter more than its previous target -- to mitigate the impact of the coronavirus pandemic, according to a person familiar with discussions.