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Europe   The overall public budget showed a cash surplus

Public revenue in Germany increased 3.5 percent

BundestagBased 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.

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READ MORE Mega budget surplus is Germany's best since 1990

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.

In quarters 1 to 3 of 2015, the overall public budget showed a cash surplus of 2.4 billion euros.

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