Europe The overall public budget showed a cash surplus
Based on provisional results of the quarterly cash statistics, German revenue of the coreand extra budgets of the overall public budget rose 3.5% to 979.5 billion euros in quarters 1 to 3 of 2016, year on year.
Public revenue in Germany increased 3.5 percent
Staff Writer | Friday December 30, 2016 6:15AM ET
Expenditure increased by 3.7% to 979.6 billion euros. The Federal Statistical Office (Destatis) also reports that this was a cash deficit – as defined in public finance statistics – of 0.1 billion euros for quarters 1 to 3 of 2016.Article continues below READ MORE Mega budget surplus is Germany's best since 1990
In quarters 1 to 3 of 2015, the overall public budget showed a cash surplus of 2.4 billion euros. ■
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