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German public financial surplus 25.8 billion euros in 2016

Staff Writer |
In 2016, the core and extra budgets of the overall public budget in Germany – as defined in public finance statistics – recorded a financial surplus of 25.8 billion euros.

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Based on provisional results of the quarterly cash statistics, the Federal Statistical Office (Destatis) also reports that the cash surplus declined by 3.4 billion euros on a year earlier (2015: 29.1 billion euros).

The reason was the decline in the financial surplus of the Federation to 5.0 billion euros in 2016 (2015: 20.6 billion euros) due to the fact that the expenditure of the Federation increased more (+6.3%) than its revenue (+1.6%).

Expenditure increased especially for continuous grants and financial contributions (+6.5%), continuous material expenditure (+7.6%), investments in material assets (+11.4%), and grants and financial contributions for investments (+11.1%).