Nobel: The Prize That Honours Conscience, Not Power — and María Corina Machado, Who Changed the Equation    Egypt's PM, Kenya president discuss cooperation on sidelines of COMESA summit    Egypt reconstitutes board of State Information Service    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's Sisi: Gaza ceasefire embodies 'triumph of the will for peace over the logic of war'    URGENT: Egypt's annual core inflation hits 11.3% in Sept – CBE    Sisi invites Trump to Egypt to sign Gaza peace deal if talks succeed    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egypt's oil sector posts $598.3m net FDI inflow in FY2024/25 – CBE    Egyptian Open Amateur Golf Championship 2025 to see record participation    Egypt to meet IMF next week to set date for fifth, sixth reviews – PM    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    Al-Sisi reviews education reforms, orders new teacher bonus starting November    Egypt's Cabinet approves new universities, church legalisations    Investment Ministry, Future of Egypt Authority discuss strengthening supply chains, strategic commodity procurement    Saint-Gobain Egypt targets doubling exports to Africa to €120m annually    Egypt's UPA launches new version of MedIQ medical procurement system    Egypt urges Netherlands to increase investment, stresses Nile water security    Egypt's Foreign Minister, German counterpart hold political consultations in Cairo    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    URGENT: Egypt's Khaled El-Anany unanimously elected UNESCO director-general    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt's Al-Sisi commemorates October War, discusses national security with top brass    Egypt screens 22.9m women in national breast cancer initiative since July 2019    Egypt's ministry of housing hails Arab Contractors for 5 ENR global project awards    Egypt drug regulator, Organon discuss biologics expansion, investment    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Egyptian Writers Conference announces theme for 37th session    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Germany's debt ratio to see marginal increase in '24
Published in Amwal Al Ghad on 24 - 04 - 2024

Germany's debt-to-GDP ratio is likely to experience a minor uptick this year, reaching 64 per cent in 2024, up from 63.6 per cent in 2023, Germany's finance ministry announced on Wednesday, according to Reuters.
This increase is attributed to the new Generational Capital pension scheme, which involves taking on €12.5 billion ($13.36 billion) in debt to invest in capital markets, ensuring pensions keep pace with wages.
Despite the rise in 2024, the debt-to-GDP ratio is projected to decrease to 62 per cent by 2028. While this is above the European Union's fiscal rule of 60 per cent, it remains low compared to other European nations. The ministry emphasised the need for additional growth measures to further this downward trajectory.
Moreover, the budget deficit is expected to fall to 1.75 per cent in 2024, a reduction from the previous year's 2.5 per cent.
These figures stay comfortably below the EU's 3 per cent threshold. Looking ahead, the ministry forecasts a deficit ranging between 1 per cent and 1.5 per cent for the years 2025 to 2028, signalling a positive fiscal outlook for Germany.


Clic here to read the story from its source.