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HomeBreadcrumbCalendarsBreadcrumbEconomic Calendar

Germany may implement €5-6bn in spending cuts

January - December 2014 228 to 592 days from now
Germany

Published: 4 Jan 2013 | By Georgeta Gheorghe and 1 other | Last updated: 4 Jan 2013
   
Germany may implement €5-6bn in spending cuts -
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Flickr- tjuel
The German government may implement €5-6 billion ($6.5-7.8) in spending cuts in an attempt to balance the country's budget.


"If we want to reach the so-called structural zero in 2014, we must close a gap of around 5.0 billion euros," Michael Meister, deputy chief of the conservative CDU party told the regional newspaper Rheinische Post. "That can only be achieved by spending cuts," Meister added.


In Germany the overall state budget includes the regional state and municipal budgets.


According to the provisions of the European Union's Maastricht Treaty, member states must not run up overall states deficits in excess of 3.0 percent of their GDP.



Source
Economictimes Indiatimes economictimes.indiatimes.com, 04/01/2013
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Created by Georgeta GheorgheCreated by Georgeta Gheorghe
on Fri 4 Jan 2013
Modified by Yafit LazarLast modified by Yafit Lazar
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Location: Germany
Expected date: January - December 2014
Planning: confirmed
228 days from today

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