Germany achieves 1.1% budget surplus


The federal, regional and municipal budgets showed a combined surplus of €16. 1 billion ($A22. 83 billion) in the period from January to June, profiting primarily from a "very favourable employment situation," the federal statistics office Destatis said in a statement.

The German government alone achieved a surplus of €4. 0 billion in the January-June period, the first time since 1991 the federal budget has been in the black in the first half, Destatis said.

The regional states were able to almost balance their books as well, running up a deficit of just €200 million, compared with a surplus of €1. 3 billion in the same period a year earlier.

Read more here: Business Spectator


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