German Borrowing to Stay Close to Record to Fund Pandemic Aid
- Federal 2022 debt issuance to total around 410 billion euros
- Government has spent tens of billions to prop up economy
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Germany’s federal government plans to sell the second-highest amount of debt on record next year, as aggressive spending to offset the impact of the coronavirus pandemic continues.
Debt issuance will shrink to about 410 billion euros ($464 billion) in 2022, compared with a record of around 480 billion euros this year, according to the German finance agency’s issuance plan published Thursday.