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German government trims debt sales, signaling reduced financial aid


The German government has announced a reduction in its planned federal debt sales for Q4 2023, marking a significant decrease from its previously outlined plan. The cutback, which signals a decrease in financial aid for corporations and households grappling with escalating energy expenses, amounts to EUR31 billion ($33 billion). This information was disclosed on Tuesday.

The Federal Finance Agency revealed that bond issuance would see a reduction of EUR8 billion, while bill sales would be lowered by EUR23 billion. This contrasts with a plan that was released in December 2022.

This latest reduction, along with the cutback implemented in Q3 2023, brings the total sales decrease for this year to EUR45 billion. However, despite these reductions, the total sales for the year are projected to reach approximately EUR500 billion. While this figure is lower than initially planned, it still marks an all-time high.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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