Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

German public surplus to narrow through to 2022 - stability council

German public surplus to narrow through to 2022 - stability council
FILE PHOTO: German Finance Minister Olaf Scholz attends a press conference after the federal cabinet meeting in Potsdam, Germany November 15, 2018. REUTERS/Axel Schmidt/File Photo -
Euronews logo
Text size Aa Aa

BERLIN (Reuters) – Germany’s overall public surplus, including the federal budget, the states and municipalities, should register 1 percent of gross domestic product (GDP) next year before falling to 0.5 percent by 2022, the stability council said.

This year, the ministry expects an overall German public surplus of around 1.75 pct of GDP, said the council, which coordinates federal government and state finances.

Finance Minister Olaf Scholz said Germany would manage to get its debt quota to below 60 percent of GDP this year.

(Reporting by Gernot Heller and Joseph Nasr; Writing by Paul Carrel; Editinbg by Michelle Martin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.