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"I am convinced: in good economic times, a responsible fiscal policy must achieve both a reduction in debts and a rise in investments," Finance Minister Olaf Scholz said in a statement.
Investment would rise from 34.0 billion euros ($40.81 billion) last year to 37.0 billion this year and 37.9 billion in 2019, before decreasing to 33.5 billion in 2022, Finance Ministry fiscal plans approved by the cabinet showed.