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'We can deploy this money sensibly for the future': Germany pockets billions in surpluses
At just over €357 billion, tax revenue outweighed spending by €13.5 billion last year, the federal Finance Ministry said. "We had some luck, and also we did a good job managing" the money, finance minister Olaf Scholz told reporters in Berlin. Under Scholz, Germany has trumpeted increased investment, and argued that administrative and planning bottlenecks, rather than miserliness by politicians, are holding up spending boosts. The Finance Ministry pointed Monday to a "record level" of federal investment spending, at €38.1 billion. "We can deploy this money sensibly for the future," Scholz said.
Source: The Local January 13, 2020 16:52 UTC
