Germany’s public debt spending set to double

Inflation will force the country to spend an additional €14 billion to service government loans Servicing government loans in 2023 will cost Germany nearly twice as much as it currently spends due to soaring inflation, German media group Redaktionsnetzwerk Deutschland (RND) reported on Friday, citing documents from the country's finance ministry on next year’s budget. According to the report, due to a miscalculation in the inflation forecasts of previous governments, Germany's interest payments on its public debt will increase from €16 billion ($16.09bn) to almost €30 billion next year, as the federal government h

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