Study says much of Germany’s €500bn debt package is not funding new investment

Germany’s €500bn debt package was meant to fund investment in the country’s roads, railways and bridges.

The aim was to improve ageing infrastructure and help create economic growth.

A new study by the Ifo Institute says much of the money is not going to new investment.

The study’s finding raises questions about whether the package is being used for its stated purpose.

The money concerns Germany’s plans to upgrade key infrastructure.

The account gives no further details about how the funds are being spent or what the government will do next.