Germany to reportedly spend $106 billion on refugee crisis by 2020

Syrian refugees arrive in Germany
(Image credit: Swen Pfoertner/AFP/Getty Images)

The German government expects to spend roughly $106 billion — 93.6 billion euros — on costs associated with the refugee crisis by the end of 2020, according to weekly news magazine Der Spiegel, which cited a draft from the federal finance ministry for negotiations.

In 2015, Germany took in more than one million migrants, many of whom fled war in Syria and other war-torn nations. Officials expect another 600,000 migrants to enter Germany in 2016, a decrease due to the European Union's deal with Turkey to stem migrant flow.

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