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NewsGermany trims deficit estimate
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Germany trims deficit estimate
by hlk Tue 23 Aug 2011, 14:20
FRANKFURT: Germany yesterday cut its forecast 2011 public deficit to 1.5% from a previous estimation of 2.5% given in July.
Under terms of the European Union’s Stability and Growth Pact, governments are not supposed to exceed a public deficit of 3%, and are expected to work towards a balance or even surplus in times of economic growth. – AFP
Under terms of the European Union’s Stability and Growth Pact, governments are not supposed to exceed a public deficit of 3%, and are expected to work towards a balance or even surplus in times of economic growth. – AFP
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