Last year, the federal government had to take out fewer loans than planned. This is what the “Spiegel” reports in its new issue. According to preliminary calculations by the Ministry of Finance, the new debt in the federal budget will be at least ten billion euros less than the initially planned amount of 240 billion euros. The reason for this is that tax revenues are going better than initially thought. Finance Minister Christian Lindner (FDP) wants to present the official budget in the coming week. Until then, the number may change slightly because the tax offices still have a few days to post tax revenue. The new debt would be much lower if Lindner did not move 60 billion euros, which were earmarked for financing the consequences of the pandemic last year but were not needed, to the energy and climate fund. Even if the federal government did not fully exhaust the credit line in 2021, it closed with record debt. +++
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