German Finance Minister Olaf Scholz acknowledged that a slower growth of Europe’s largest economy would lead to lower tax receipts and increased pressure on the budget, the Financial Times reported on Friday, Trend reports referring to Reuters.
“We can afford a lot, but not everything, and not at the same time,” Scholz was quoted as saying.
The German economy was still continuing to move forward, and employment was at a “truly remarkable” high, the center-left minister said.
“A lot of companies are very confident about their future prospects.”