germany\s public finances in black as recovery continues
Last Updated : GMT 08:02:11
Arab Today, arab today
Arab Today, arab today

Germany\'s public finances in black as recovery continues

Arab Today, arab today

Arab Today, arab today Germany\'s public finances in black as recovery continues

Frankfurt - AFP

Germany, Europe's biggest economy, clocked up a small surplus in its public finances in 2013, as growth picked up at the end of the year, official data showed on Tuesday. "According to Destatis's latest calculations, the federal state's financing surplus amounted to 0.3 billion euros ($0.4 billion) in 2013," the federal statistics office Destatis said in a statement. "It is the second year in a row that a small financing surplus has been achieved." At the same time, Destatis confirmed that gross domestic product GDP grew by 0.4 percent in the fourth quarter of 2013, fractionally faster than growth of 0.3 percent in the preceding quarter. EU countries are obliged, under membership rules, to limit their public deficits to no more than 3.0 percent of GDP and to achieve balanced budgets or even surpluses in the longer term. Germany, which has weathered the financial and economic crisis much better than most of its EU neighbours, already managed to run up a small surplus equivalent to 0.1 percent of GDP in 2012. Measured against total output of 2.738 trillion euros in 2013, last year's ratio was more or less zero, Destatis said. The financing surplus is the difference between the state's revenues and spending, which amounted to 1.2334 trillion euros and 1.2331 trillion euros respectively in 2013, the statement added. Turning to the fourth-quarter growth data, Destatis confirmed its preliminary estimate released earlier this month that "Germany continued along its path of moderate growth at the year-end." As previously calculated, GDP expanded by 0.4 percent in the period from October to December compared with 0.3 percent in the preceding three months. Growth was driven primarily by foreign trade, with exports rising by 2.6 percent in the three-month period, while imports were up just 0.6 percent, the statisticians calculated. "There were mixed signals from domestic demand," Destatis said. "Investment in both equipment and in construction was up strongly over the third quarter. And the same time, there was a sharp reduction of inventories, which braked the growth momentum," the statement said. "And there was little change in consumption, with state spending stagnating at the level of the previous quarter, while consumer spending slipped slightly by 0.1 percent," Destatis said. Over 2013 as a whole, the German economy expanded by 0.4 percent, Destatis calculated.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

germany\s public finances in black as recovery continues germany\s public finances in black as recovery continues

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

germany\s public finances in black as recovery continues germany\s public finances in black as recovery continues

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday