A budget passed early Friday in a German parliamentary committee sees a lower-than-expected deficit for Chancellor Angela Merkel’s government for the election year of 2013. A deficit of 17.1 billion euros (21.8 billion dollars) was projected, 1.7 billion euros lower than the draft budget presented by Finance Minister Wolfgang Schaeuble. The opposition accused Merkel’s coalition of creative accounting to reduce the deficit before next year’s election, including putting 800 million euros of 2012 privatization revenues into the 2013 budget, which also sank projected government borrowing, Germany’s dpa reported. The new budget, passed in a 13-hour meeting of the Bundestag’s Budget Committee, foresees 302 billion euros in spending next year, down slightly from the 302.2 billion euros that Schaeuble had projected in the summer.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor