German government economic adviser Monika Schnitzer answers journalists' questions during a Reuters interview in Berlin, Germany, on January 10, 2023. REUTERS/Fabrizio Bensch/File Photo
Berlin: The German government's net borrowing amounted to 115.4bn euros ($124.48bn) in 2022, finance ministry sources said on Thursday, as the COVID-19 pandemic and the war in Ukraine led to a rise in debt.
Last year, government borrowing was at its third-highest level in the history of Germany, following a record figure of 215.4bn euros in 2021 and 130.5bn in 2020, according to the sources.
