The German state benefits with a record surplus of the robust economy. The bottom line took government, states, municipalities and social security funds last year, about 19.4 billion euros more than they spent a.
This was the highest surplus since reunification. In terms of total economic output the plus fell 0.6 percent even slightly larger than the assumed in the January estimate 0.5 percent, the Federal Statistics Office in Wiesbaden announced.
a percentage increase in the surplus was there with 0.9 percent of nominal gross domestic product (GDP) only in 2000. at that time the special auction of UMTS mobile phone licenses had the public coffers filled vigorously. In absolute terms, the surplus in 2000 was about 18.2 billion euros, lower than, 2015.
In the past year benefited Europe’s largest economy of the good situation on the labor market and consumer sentiment. Taxes and social contributions filled the public coffers.
The largest surplus was achieved according to this calculation, the federal government with 10.3 billion euros. The auction of mobile phone licenses banged 0.5bn euros. The rest of the total amount of 5.1 billion euros account statisticians by its own account in the coming years. Also Länder (0.4 billion) and local government (3.9 billion) showed an increase from a deficit a year earlier. The Social Security had a surplus of 4.8 billion euros.
The second billion surplus resulted in Germany is far away from the debt ceiling, which allow Europeans (Maastricht contracts). Allowed is a maximum of a deficit of 3.0 percent. Recently Germany had torn this brand in 2010 with a decline of 4.2 percent.
At the end kept the German economy with 0.3 percent increase the previous quarter their growth. Here confirmed the Wiesbaden statisticians first calculations. In total 2015 put the economic output of 1.7 percent
Growth was October-December mainly from the domestic market. Because of the interest rate lows to traditional savings worth hardly, therefore, many people spend their money rather from , Because refueling and heating is relatively inexpensive because of low oil prices, consumers also have more money for consumption left. The households spent 0.2 percent more than in the previous quarter
The billion expenditure of federal, state and local authorities to tackle the refugee immigration to support the economy. In the fourth quarter, consumer spending rose sharply by 1 , 0 percent. Many economists evaluate the immigration of people from Syria, Iraq or Afghanistan as a stimulus package – for 2016. The state has also invested heavily in buildings and equipment. The companies held back against it.
However, the headwinds for the German economy increases. Important markets such as China falter, came last from the USA weaker economic data. Already at the end of slowed foreign trade development. Still, most economists see Germany in the current year on a robust growth path. Federal Government and the International Monetary Fund (IMF) expect GDP growth in the order of 1.7 percent.
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