Germany's Schaeuble: 2015 surplus of 5 bln euros

[Rowdy]

BERLIN--German Finance Minister Wolfgang Schaeuble expects a budget surplus this year of around 5 billion euros ($5.64 billion) or more, according to a report in Germany's weekly news magazine Der Spiegel that was released on Saturday.

The magazine cites anonymous government experts who confirm that the result for 2015 is expected to outpace the government's previous forecast of a balanced budget. Germany's longer-term financial outlook calls for a balanced budget each year through 2019.

Higher tax revenue and fees from the auction of mobile communications frequency are driving federal revenue higher and leading to a better-than-expected federal budget surplus, the magazine said.


Write to William Boston at [email protected]
http://www.marketwatch.com/story/germanys-schaeuble-2015-surplus-of-5-bln-euros-2015-08-23
@arpakola

 

[pmaitra]

"anonymous government experts"
"WSJ"

Alarm! Alarm!

 

[sob]

It is possible, Germany is perhaps the only country that has trade surplus.

Germany recorded a trade surplus of 24000 EUR Million in June of 2015. Balance of Trade in Germany averaged 4418.74 EUR Million from 1950 until 2015, reaching an all time high of 24000 EUR Million in June of 2015 and a record low of -535.91 EUR Million in April of 1991. Balance of Trade in Germany is reported by the Federal Statistical Office.

Germany runs regular trade surpluses since 1952,

http://www.tradingeconomics.com/germany/balance-of-trade

 

[pmaitra]

Likely.

VolksWagen has bagged the top auto manufacturer spot globally. Many German companies have been doing well lately.

 

[sob]

The Germans have leveraged their technical strengths very well over the years.