Germany on Wednesday cut its budget deficit forecast for 2013 to 0.2 per cent of gross domestic product on the back of solid financial data. The Finance Ministry had earlier forecast a deficit of 0.5 per cent. Germany posted a budget surplus last year. The projection is well within the 3-per-cent-of-GDP limit, which eurozone members are required to meet under the Maastricht Treaty on European Union, German Press Agency dpa reported. The Finance Ministry also said the nation's debt would drop by 1.5 percentage points to 79.5 per cent of GDP, thanks to a solid budget policy and measures to trim debt during the financial crisis. The healthy state of Germany's public finances is in stark contrast to others members of the eurozone, which are battling to cut their deficit and debt levels after a protracted period of recession and fiscal austerity.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor