The German government faces a gap of around 100 billion euros for its budget plans through 2023 as the economy cools.
A German weekly news magazine, Der Spiegel, gave the information in a report on Friday, citing a paper by experts in the parliamentary group of Chancellor Angela Merkel’s conservatives, reports Reuters.
The government posted a budget surplus of some 11 billion euros ($12.68 billion) in 2018 as robust economic growth boosted tax revenues.
But expected increased outgoings on development aid, EU contributions and defence spending posed a budget risk in the period through to 2023 as they were not yet financed, Der Spiegel added.
