Germany Back in the Black

The German government is set to record a rare budget surplus, which is expected to grow unless politicians get spend-happy

One tenth of 1 percent may sound like a tiny amount. But the figure, calculated by officials at Germany's Finance Ministry, signifies a big step for their boss, Finance Minister Peer Steinbrück, and for the entire country. It means that the federal government, the federal states, municipalities and the social insurance system will achieve a surplus this year amounting to 0.1 percent of Germany's gross domestic product (GDP).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.