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3/5/10

Germany passes budget with record debt

The first budget passed by Germany's new ruling coalition of Christian Democrats and Free Democrats - doubles the record debt set in 1996.

The original plan for the 2010 budget foresaw 85.8 billion euros in net debt, but assumed economic growth of just 1.2 percent, and higher jobless numbers. The budget that passed calculated 1.4 percent growth and fewer jobless. Altogether, Berlin has set its sights on spending 319.5 billion euros in 2010, with 28.3 billion of it going to new investment.

Germany passes budget with record debt | Germany | Deutsche Welle | 05.03.2010

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