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- Chancellor Merkel: Germany is right to have balanced budget policy
Chancellor Merkel: Germany is right to have balanced budget policy
Chancellor Angela Merkel said on Friday that Germany was right to pursue a balanced budget - despite Europe's largest economy slowing - especially given the country's ageing population.
The federal government has managed to increase spending without incurring new debt since 2014. In March the cabinet passed a draft budget for 2020 that calls for a 1.7% spending increase and relies on ministries to cut costs to avoid incurring new debt.
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