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Germany's federal budget posts 2017 surplus of 5.3 billion euros

Europe
12.01.2018
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Berlin (dpa) - Germany‘s federal budget posted a surplus of 5.3 billion euros (6.4 billion dollars) for the whole of 2017, according to provisional figures released in Berlin by the Finance Ministry on Friday.

The ministry said that this meant the federal government had not taken on new debt for four years in a row.

As in previous years, the money is to be paid into a buffer fund for coping with the hundreds of thousands of refugees the country has absorbed in recent years.

According to Finance Ministry information, one-off effects were partly behind the large surplus.

Certain member states of the European Union were making slower progress than planned in implementing projects, with the result that EU funds were returned to the contributing member states.

A similar effect was seen in the 16 states that make up federal Germany.

 

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