German 2011 Govt. Deficit Ratio Falls
Saturday, 25 February 2012 | 00:00
The German government's deficit ratio declined in 2011, data from the Federal Statistical Office showed Friday.
The government deficit ratio was -1 percent of gross domestic product in 2011 compared to -4.3 percent in the previous year.
Net borrowing is the difference between revenue and expenditure of general government. Results differed at the individual government levels.
The central government accounted for a deficit of EUR 26.3 billion and the state government of EUR 14.9 billion. Meanwhile, the local governments recorded even a small surplus of EUR 0.8 million.
Source: RTT News
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