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Germany's 2020 borrowing comes in well short of forecast

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BERLIN – Germany borrowed 130.5 billion euros ($157.5 billion) last year as it loosened budget rules to help finance pandemic-related rescue and stimulus packages — a considerably smaller sum than was originally planned.After six years in the black, Germany resorted to running up new debt in 2020 to help cover the cost of huge support packages made necessary by the coronavirus pandemic and an expected shortfall in tax revenue.

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