Germany: Has a Budget Surplus

Handelsblatt reports that Germany’s preliminary budget numbers look very good indeed; they’re looking at a budget surplus of a couple of billion euros, the first since reunification (not counting the UMTS mobile phone licence auction in 2000). Real GDP growth of 2.5 per cent is forecast; most of the extra cash came from the rise in VAT and fiscal drag.

It certainly seems a great position to be in at the beginning of a downturn.

6 thoughts on “Germany: Has a Budget Surplus

  1. Th Jws mst b cncctng sm nw xtrtn pln t rlv th Grmns f thr hrd-rnd mny. Wtch sm hlcst “srvvrs” grp r nthr s thm n S crt fr whtvr. Th crt wll llw th st nd wtch th Grmns ffr nthr sttlmnt r dl.

  2. Alex, I disemvowelled the offensive comment.

    Economically, any downturn is still off on the horizon here.

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