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A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The federal budget for 2021 is €369.3 billion. [11] With total government spending of €1.76 trillion in 2021, the federal budget comprises only a fraction of total public sector spending in Germany. [12] Germany's budget for the 2005 fiscal year can be found below, which also outlines the basic budget structure.
For years afterward, Germany balanced its budget or even ran small surpluses as the economy lived large on cheap Russian natural gas and booming exports of luxury cars and industrial machinery ...
Eurostat said Germany's revenues last year exceeded expenses by more than previously estimated, allowing Berlin to post a budget surplus of 1.9% of its output, above the 1.7% that Eurostat had ...
Germany: −3.4 Jun 2023 quarterly Greece: −1.3 Dec 2018 monthly Hungary: −8.2 Jun 2023 quarterly Iceland: −1.5 Jun 2023 quarterly Ireland: 2.2 Jun 2023 quarterly Italy: −8.0 Jun 2023 quarterly Kazakhstan: −3.5 Jun 2023 quarterly Kosovo Kosovo: 0.5 Jun 2023 quarterly Latvia: −3.0 Jun 2023 quarterly Liechtenstein: 2.7 2021 [3]
The governing parties squabbled at length about how to put together a 2025 budget before Scholz, Lindner and Vice Chancellor Robert Habeck, from the Greens, presented an agreement in early July. That included higher spending on defense and affordable housing, along with a stimulus package for the country's economy, Europe's biggest.
BERLIN (Reuters) - The German government faces a gap of around 100 billion euros (£90.1 billion) for its budget plans through 2023 as the economy cools, Der Spiegel reported on Friday, citing a ...
Germany's balanced budget amendment, also referred to as the debt brake (German: Schuldenbremse), is a fiscal rule enacted in 2009 by the First Merkel cabinet.The law, which is in Article 109, paragraph 3 and Article 115 of the Basic Law, Germany's constitution, is designed to restrict structural budget deficits at the federal level and limit the issuance of government debt.