(MENAFN) The combined budgets of the German government, regional states, municipal authorities, and welfare system indicated a surplus of USD20.4 billion, The Peninsula Qatar reported.
The surplus represented 0.6 percent of the country's overall gross domestic product (GDP) of USD3.29 trillion. In 2013, Germany achieved a balanced budget in its public finances.
The 2014 surplus resulted from the difference between revenues of USD1.46 trillion and expenditure of USD1.44 trillion.
The government budget alone showed a surplus of USD12.9 billion, compared with a deficit of USD5.1 billion in 2013
The regional states' finances also presented a surplus of USD2.15 billion in 2014 from a deficit of USD3.17 billion in 2013.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.