Germany's 2025 borrowing undershoots plan as spending falls, revenues rise, sources say

BERLIN, Jan 23 (Reuters) - Germany's net borrowing in 2025 came in well below the level set out in the budget plan, helped by lower-than-expected spending and higher-than-expected revenues, finance ministry sources said on Friday.

Based on preliminary figures, borrowing totalled 66.9 billion euros ($78.55 billion) in 2025, 14.9 billion less than budgeted, an official said, attributing the undershoot in roughly equal parts to spending "undershoots" and revenue overperformance.

($1 = 0.8517 euros)