BERLIN (MNI) – In its updated stability program approved Wednesday,
the German government projects public deficits of 1% of GDP this year
and 0.5% next year. For 2014, it expects a marginal deficit that would
disappear in 2015 and 2016.
The structural deficit is forecast at 0.5% both this year and next.
From 2014 till the end of the forecast period in 2016, the government
foresees a structurally balanced public budget each year.
Total debt as a share of GDP is expected to descend gradually from
82% this year to 80% in 2013, 78% in 2014, 76% in 2015 and to 73% in
2016.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$X$$$,M$G$$$,MFGBU$,MFX$$$,MGX$$$,MT$$$$]
