The cost of Germany taking in a record number of asylum seekers could hit 10 billion euros ($11 billion), four times what Berlin spend looking after refugees last year, a German newspaper said Saturday.

But despite the 800,000 refugees expected to pour into Europe's biggest economy this year, Chancellor Angela Merkel said on Saturday she was still aiming to balance the country's budget.

The German daily Frankfurter Allgemeine Zeitung calculated the revised costs in line with what was spent on 203,000 asylum seekers in 2014.

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