News Formal

Germany will borrow $246 billion this year to fund its coronavirus stimulus plan - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Germany will borrow $246 billion this year to fund its coronavirus stimulus plan

much higher than had been expected prior to its announcement

In March, Germany's parliament approved an increase of 156 billion euros to the national debt in 2020 to fund the stimulus packages that it knew would be need. Some of the measures included a fall in the main-value-added tax from 19% to 16% for six months starting from July 1, providing families with a 300 euro payment per child and a refund on a car-buyer bonus scheme.

This came just days after the EU proposed a gigantic 750 billion euro blueprint to fund the recovery of the European economy from the virus.LoadingDo you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

irakliberdzen Very good prime minister

'borrow' non of the EU members intend to pay anything back

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The state of Gen Z's mental health during the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Gen Z is about to find out that chaos ain't that great. Get up to $1000 fast with Sydney Financial. Take advantage of what Sydney Financial can offer you. We will help you get that short-term loan you've been looking for, in a safe, reliable way. If you need more details put mail into: matthewwil1992gmail.com Looks they are the ones who most want to tear it all down.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nursing homes struggle to pay for workers to get a coronavirus test - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. coronavirus
Source: BusinessInsider - 🏆 729. / 51 Read more »