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Europe Daily Bulletin No. 11519

25 March 2016
Contents Publication in full By article 13 / 18
ECONOMY - FINANCE / (ae) germany
Expenditure up, but no new debt between now and 2020

Brussels, 24/03/2016 (Agence Europe) - On Wednesday 23 March, the German government presented a balanced draft budget for 2017, which forecasts increased expenditure, to be offset by revenue.

As 2017 is an election year in Germany, the draft budget satisfies all three parties forming the government coalition. The Christian Democrat party, CDU, underlines its compliance with the commitment to maintain a balanced budget requiring no new debt to be contracted and increased expenditure, related...