German finance ministry plans austerity measures of up to twenty billion euros - Spiegel

News conference of FDP after state elections in Berlin © Thomson Reuters information convention of FDP after state elections in Berlin

BERLIN (Reuters) - German Finance Minister Christian Lindner is planning an austerity equipment with a quantity of up to twenty billion euros ($22.12 billion), Germany's Der Spiegel said on Friday.

With the cuts, Lindner desires to close the funding gaps within the 2024 budget and on the equal time create some leeway for unavoidable further spending, Spiegel suggested, citing sources within the ministry.

The ministry refused to touch upon the report.

"The minister's position is everyday. He has pointed out that revenues aren't enough to finance all of the calls for," a ministry spokesperson stated. "The task is to decelerate growth in spending," the spokesperson added.

in keeping with the report, Lindner's officers are recommending that he move a budget complement act, to make adjustments to legally described govt features. The report spoke of cost-slicing measures would in particular have an effect on the departments with the optimum social spending, such as the labour and family ministries.

($1 = 0.9043 euros)

(Reporting via Maria Martinez and Holger Hansen; editing by using Miranda Murray)

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