The government debt Deutschlandssinkt faster than expected, reports mirror. According to this, federal Finance Minister OlafScholz (SPD) expects that debt level will fall by 2019 with a little more als58 percent below trade mark of 60 percent gross domestic product (GDP) prescribed in Stability Pact. The magazine refers to new stability programme of federal Government, which is to be decided at KommendenMittwoch in cabinet.
if ( typeof AdController !== ‘undefined’ !window.Zeit.isMobileView()) { if ( !document.getElementById( ‘iqadtile8’ ) ) { var elem = document.createElement( ‘div’ ); elem.id = ‘iqadtile8’; elem.className = “ad ad-desktop ad-desktop–8 ad-desktop–8-on-article”; elem.setAttribute(‘data-banner-type’, ‘desktop’); document.getElementById(‘ad-desktop-8’).parentNode.appendChild(elem); AdController.render(‘iqadtile8’); if ( window.console typeof window.console.info === ‘function’ ) { window.console.info(‘AdController ‘ AdController.VERSION ‘ tile 8 desktop’) } } } if ( typeof AdController !== ‘undefined’ window.Zeit.isMobileView()) { if ( !document.getElementById( ‘iqadtile3’ ) ) { var elem = document.createElement( ‘div’ ); elem.id = ‘iqadtile3’; elem.className = “ad ad-mobile ad-mobile–3 ad-mobile–3-on-article”; elem.setAttribute(‘data-banner-type’, ‘mobile’); document.getElementById(‘ad-mobile-3’).parentNode.appendChild(elem); AdController.render(‘iqadtile3’); if ( window.console typeof window.console.info === ‘function’ ) { window.console.info(‘AdController ‘ AdController.VERSION ‘ tile 3 mobile’) } } }
The Stability Pact is intended to limit debt of EU countries. This Jahrliegt of debt in Germany, at 61 percent, is still above threshold. The federal government recently calculated that default stability Pact was not reached until 2020. In years before financial crisis, Germany had last observed this mark in early 2000s.
Bund expects 5.3 billion euro surplus
Now it is expected that debt level of 2020 will fall to just under 56 per cent, in 2021 it will reach 53 percent. Development is attributable to high tax revenues, but also to fact that staatlichenBankenabwicklungsfonds from financial crisis are becoming more and more Verbindlichkeitenabbauen. Moreover, due to low interest rates, Germany currently pays hardly any interest on newly borrowed debts.
For period up to 2021, Scholz expects a continuous surplus of federal, state, local and social insurance between one and a half percent of GDP, writes mirror furr. According to provisional figures, federal budget alone recorded a surplus of 5.3 billion euros in 2017. Thus, Confederation did not pay any new debt for fourth consecutive year.
