Germany plans borrowing to finance tax cuts

The German government plans to borrow an additional €4-5bn next year to help finance its tax cuts package, government sources said.

Wed, 16 Jul, 2003 - 13:25

The German government plans to borrow an additional €4-5bn next year to help finance its tax cuts package, government sources said.

They said a further €2bn is to be generated through privatisation and €1bn through a reduction in government subsidies.

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