The German Federal Finance Ministry have announced they will have a balanced budget for this year, two years before this was originally forecast. 

In a statement the ministry said that budget stability had been achieved due to tax revenues being better than expected at federal, regional and municipal levels, and lower financing costs due to historically low interest rates. 

Only a few months ago Berlin had  announced that it was projecting a deficit ratio of 0.5% for th...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now