BERLIN (MNI) – The German government has lowered its forecast for
this year’s public deficit to around 1% of GDP from 1.5% forecast in
July, German business daily Handelsblatt reported Friday.
However, total debt is now seen falling only to 74.5% of GDP by
2015, the paper wrote. In July, the government had targeted 71% by then.
Earlier this week, the Bundesbank said it expected the public
deficit to fall to 1% this year from 4.3% last year. For the coming
year, the central bank forecast little change in the deficit ratio.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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