Home News Germany is 2011, debt limit of 3% – Circles

Germany is 2011, debt limit of 3% – Circles

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Schuldenuhr_090213_001_(c) Anders BERLIN (Dow Jones) – Germany will meet in the current year has been estimated by the Federal Government, the debt criterion of the European Stability and Growth Pact again. (Photo: Anders)

Thereafter, a maximum budget deficit of 3% is allowed. "For this year, the Federal Government expects a general government deficit of around 2.5% of gross domestic product (GDP), so that the permissible reference value of the Maastricht Treaty already this year would again fall below", says the annual economic report of the Government, such as Dow Jones Newswires on Tuesday from a familiar person has experience with the advisory opinion.
The Federal Government shall present this report containing the updated economic forecast, before officially on Wednesday in Berlin. At the GDP forecast for the current year will still work. We have determined, contrary to media reports otherwise not yet on the exact growth forecast, the person said.
Federal Minister Rainer Brüderle (FDP) had on Tuesday morning on the edge of the Handelsblatt Energy Conference said in Berlin that he expected a continuation of the upswing in Germany. "It is a good number," said the minister. When asked whether the federal government will lie with its growth forecast well above 2%, Brüderle said: "The probability is high." In its autumn the government estimate was based on a growth of 1.8% for 2011.
Especially in the labor market, continue my improvement. There was the "perspective to full employment," the minister said at the meeting.
-By Beate Preuschoff, Dow Jones Newswires, +49 (0) 30-2888 4122
beate.preuschoff @ dowjones.com
DJG / bep / apo / ISj