BERLIN (Reuters) – Germany will spend 65 billion euros ($64.7 billion) on its third package designed to shield consumers and businesses from the impact of soaring inflation, the government said in a document issued on Sunday.
The measures, which includes proposals for an extension to discounted public transport and 1.7 billion euros in tax breaks for 9,000 energy-intensive companies, was agreed by the three parties in Chancellor Olaf Scholz’s governing coalition on Sunday.
“This is the biggest of the three packages so far,” Scholz told a news conference.
($1 = 1.0049 euros)
(Reporting by Thomas Escritt; Editing by David Goodman)
