The “black zero”, ie a balanced budget without new debt, is considered the prestige project of German Finance Minister Wolfgang Schäuble. This year he wanted to achieve the goal.
But today, according to the newspaper Handelsblatt that: Already in 2014 Schäuble have done without new debt. He would be the first federal finance minister for 45 years, which may present a balanced budget. Since 1969, federal governments of all stripes have amassed nearly 1.3 trillion euro debt.
Originally had provided the budget for the past year new debt of over six billion euros. Only this year should then be dispensed with entirely new debt to finance the federal spending of around 300 billion euros.
Increased tax revenues, low interest rates
The main reason for the good situation to be payments for operating nuclear power plants of around 2.5 billion euros in nuclear fuel tax According to reports, which were received shortly before Christmas. The power companies thus followed a decision by the Federal Finance Court, which dismissed its claims against the tax.
In addition, the federal budget would be relieved by higher tax revenues and savings in interest of more than one billion euros, the Handelsblatt. So pays a federal loan with ten-year term on the market currently only 0.4 percent. This is a result of historically low base rate, but also the euro crisis, because German government bonds are seen by many investors as a “safe haven.”
The Federal Ministry of Finance commented on the newspaper report any position. The government plans to submit the budget results 2014 this week.
hmf / bea (Handelsblatt, rtr)
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