BERLIN (MNI) – Germany aims to lower federal net new borrowing to
zero in 2014, German daily Bild reported over the weekend, citing
government sources.
According to the newspaper, the chancellery and the finance
ministry are currently pondering over ways to achieve this goal.
German Finance Minister Wolfgang Schaeuble also reaffirmed in an
op-ed piece for German regional daily Tagesspiegel published on Sunday
that the federal budget will be close to balance in 2013.
The government projected in June that the federal structural budget
deficit is to fall from 0.86% of GDP this year to 0.35% next year and
further to 0.21% in 2014.
Schaeuble also affirmed in his op-ed piece that Germany’s total
public budget deficit will sink to below 0.5% of GDP in 2013 and will be
balanced in 2014.
–Berlin bureau: +49-30-22 62 05 80; twidder@mni-news.com
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