5 days ago
Germany to issue 19 bln eur more in debt in Q3 in line with spending boost
BERLIN, June 24 (Reuters) - Germany plans to issue 19 billion euros ($22 billion) more in debt than initially planned in the third quarter, the Federal Finance Agency said on Tuesday, in line with an anticipated boost in spending on defence and infrastructure.
The additional 19 billion euros that will be financed in the third quarter consist of a 15-billion-euro increase in borrowing on the capital market and 4 billion euros to be raised on the money market, the agency said.
The quarterly update from the finance agency, which manages Germany's debt, comes ahead of an expected surge in public spending, made possible by a recent reform to debt rules and the creation of a special fund for infrastructure investment.
($1 = 0.8624 euros)
