Germany to Spend €83.3 Billion to Subsidize Energy Prices
- Government to use €43 billion to reduce cost of electricity
- Euro-area members have spent €200 billion on energy support
Christian Lindner
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
German Finance Minister Christian Lindner has laid out plans for the country to spend €83.3 billion ($83.4 billion) on gas and electricity subsidies next year, according to a ministry document obtained by Bloomberg.
It shows €40.3 billion will be earmarked to cover the cost of gas and district heating, including a one-time payment in December for businesses and households.