Management of the Corona-crisis
Federal government plans to borrow a record amount in the financial markets
407 billion euros to lend to the Federal government this year in the financial markets. The money is to cushion the economic consequences of the Corona-crisis.
The Federal government wants to borrow to deal with the consequences of the Corona-crisis, a record sum in the financial markets.
Alone in the months of October to December, the Federal securities are to be placed in a volume of 50.5 billion euros, was informed by the debt management competent financial Agency.
The are six billion euros more than originally planned. For the full year a volume of 407 billion euros is targeted, the highest total since the inception of the financial Agency 20 years ago.
In the fight against the economic consequences of the Corona-crisis, the Federal government has approved a significant expansion of the national debt. The German economy has slipped into a deep recession. In addition, the crisis for strong losses in tax revenue provides.
The volume of securities placed on the market, which is much higher than in 2009, when the German economy had slipped in the Wake of the global financial crisis into a deep recession. For the year 2009, the Finance Agency estimated the emission volume to 334 billion euros.
Also to be launched in November for the second Time a so-called green German Federal government bond on the market, – stated in the message. At the beginning of September the Federal government had offered the first “green bond” with a maturity of ten years, which met with high demand. In the second edition it is the information, according to a securities with a maturity of five years. The Federal government wants to establish itself as a player in the green bond market and contribute to the development of sustainable financial products.