(ANSA-AFP) - BERLINO, 23 SET - Germany will again breach its balanced-budget policy in 2021 to help pay for massive stimulus measures aimed at steering the economy through the coronavirus pandemic, its finance minister said Wednesday. Europe's biggest economy would borrow 96.2 billion euros ($114 billion), abandoning the country's constitutionally enshrined "debt brake" rule, Olaf Scholz said at a budget presentation. "For 2020 and 2021, we are obliged to ask the parliament to authorise us to borrow an unusually large amount," Scholz said. Germany expects to reinstate the no new debt rule in 2022, Scholz said. "We're not going to save during the crisis," he said. Germany had come into the pandemic with a well-stocked war chest, following several years of strong surpluses amid record low unemployment.

But the government's room for manoeuvre is shrinking, as tax revenue will fall below expectations as the economy takes a hit during the crisis. (ANSA-AFP).