Germany’s public deficit will widen to 3.25 percent in 2023, up from 2.5 percent forecast for this year, as the country spends big to counter a painful energy crisis, the finance ministry said Friday.
“Next year (…) we will see a deficit of 3.25 percent,” Finance Minister Christian Lindner said, warning that the figure could even reach 4.5 percent depending on “the scale of spending” to help counter soaring gas and electricity prices.
