22 February 2006, 11:01 German 2005 public deficit 3.3 pct of GDP
The German public deficit for 2005 amounted to 74.5 bln eur, or 3.3 pct of GDP, according to preliminary figures issued by the Federal Statistics Office
This is slightly better than the office's initial estimate of the 2005 deficit, issued last month, of 3.5 pct of GDP
The deficit is nevertheless in breach of the 3-pct-of-GDP limit prescribed by the EU stability and growth pact for the third year in succession
The 2004 public deficit amounted to 3.7 pct of GDP, while in 2003 it was 4.0 pct of GDP
© 1999-2024 Forex EuroClub
All rights reserved