Confirmation of yesterday’s Handelsblatt article and they’ve actually done a bit better.
Government spending was €1bn below forecast and tax revenues was €2.6bn higher than planned. All other revenue was €2.9bn higher
Net new borrowing was zero vs planned €6.5bn
The envy of Europe.
On the other side of the fence, Spain will be borrowing €239.4bn in 2015 of which €50bn will be net new borrowing on medium to long term debt. Total med-lgn term debt borrowing will be €142bn in 2015
