BERLIN—Germany’s public sector debt could fall below the European Union’s debt ceiling before the end of the year, Finance Minister Olaf Scholz said on Aug. 26, after figures this week showed a booming economy was generating a record surplus.
Speaking at the annual open day at which Berlin’s ministries open their doors to the public, Scholz said that Germany’s debt levels could fall below 60 percent of economic output earlier than the originally planned target of 2019.
