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German govt says budget may be balanced in 2011


Published : Wed, 17 Jan 2007 10:55
By : Agencies
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FRANKFURT (AFX) - The German government expects to achieve a balanced budget in 2011 for the first time since 1989 if the economy continues to develop at its current rate, Sueddeutsche Zeitung reported, citing a spokesman for the Ministry of Finance.

According to the report, the government is expecting a budget deficit of 1.5 pct in 2007 and 2008, while the forecast for 2009 is 1.0 pct. In 2010, the deficit is to decrease to 0.5 pct, it added.

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