Germany plans to cut federal debt issuance to the lowest level since 2002 next year as it seeks to present its first balanced federal budget in almost half a century, the country's debt agency said on Wednesday.

Including inflation-linked debt, the agency plans to issue up to €199.5 billion of debt in 2015 compared with €212 billion this year.

The debt agency said it planned to issue around €147 billion in longer-term nominal capital market instruments in 2015 and around €38.5 billion in money market instruments.

It said it would also issue between €10 billion and €14 billion in inflation-linked securities.

Reuters