Bloomberg News

German Budget Deficit to Be 0.9 Percent This Year, Focus Says

April 01, 2012

German Finance Minister Wolfgang Schaeuble expects the country’s budget deficit to narrow to 0.9 percent of gross domestic product this year, after 1.0 percent in 2011, Focus magazine said, citing documents sent by his ministry to the European Commission.

The nation’s total debt will rise to 82.1 percent of GDP this year, solely because of additional payments for the European Stability Mechanism, after it declined by 2 percentage points to 81.1 percent in 2011, the magazine said.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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