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The International Monetary Fund reports Germany's government revenue and expenditure amounted to 47.0% and 49.5% of GDP in 2022. [4]In terms of accounting period, the national government's fiscal year aligns with the calendar year (1 January to 31 December).
Germany's foreign policy and a significant extent of its domestic affairs have been directly or partially of a result of the Russian invasion of Ukraine. Under the leadership of Chancellor Olaf Scholz , whose first full calendar year in office was 2022, in conjunction with most of NATO's members and allies, Germany increased its defense budget ...
Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2]. This is the list of countries by government budget.
Germany's governing coalition reached a deal Wednesday to resolve a budget crisis triggered by a court ruling last month, agreeing to cut some subsidies and spending while stressing that Berlin ...
Leaders of Scholz's three-party coalition have been wrangling over money since Germany's highest court annulled a decision to repurpose 60 billion euros ($65 billion) originally meant to cushion ...
The figures here are represented as a percentage of annual gross domestic product for the year 2022. [1] [2 ... Germany: 49.704 47.084 -2.620 ... List of countries by ...
The budget debate is ironic because Germany has the smallest long-term debt pile of any of the Group of Seven advanced democracies, with debt of 66% of gross domestic product. That compares to 102 ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...