–Adds Projections To Story Sent At 09:17 GMT
BERLIN (MNI) – Germany’s total public budget will be in balance
this year, the Finance Ministry predicted Monday, revising its forecast
from this summer for a deficit of 0.5% of GDP.
For 2013 and 2014, the ministry forecasts total public budget
deficits of 0.5% of GDP in both years. In 2015 the budget will be almost
balanced and in 2016 it will be balanced again, it predicted.
The country’s total public debt is now estimated at 81.5% of GDP
this year, 80% next year, 78% in 2014, 75.5% in 2015 and 73% in 2016.
Federal net new borrowing this year is now expected by the ministry
to amount to some E25 billion, down from E28.1 billion projected in the
second supplementary budget for 2012.
The ministry expects the federal deficit to fall continuously to
E17.5 billion in 2013, to E13.5 billion in 2014, to E5 billion in 2015
and to E0.5 billion in 2016.
The federal government’s special funds are to post a surplus of
E3.5 billion in 2012. The ministry expects the funds to be in balance in
2013 and to post surpluses again of E1 billion, E1.5 billion and E0.5
billion in 2014, 2015 and 2016, respectively.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@mni-news.com
[TOPICS: M$G$$$,M$X$$$,MFG$$$,MFX$$$,MGX$$$]
