German government deficit could hit 3.5% in 2023 – Spiegel

FILE PHOTO: The European Central Bank (ECB) presents the new 50 euro note at the bank's headquarters in Frankfurt

BERLIN (Reuters) – Germany’s government deficit could reach as high as 3.5% next year, the Spiegel news magazine reported on Friday citing experts from the Finance Ministry.

According to their estimates, the public debt ratio will rise to over 67% in 2023 and remain largely stable in the years following, the report said.

(Writing by Rachel More, editing by Hans Seidenstuecker)

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