A first since 1969. Germany has achieved a balanced budget in 2014 with a year ahead of schedule, mainly because of buoyant tax revenues and low interest rates, announced Tuesday, January 13 the Ministry of Finance.
This was mainly the result of low interest rates by the European Central Bank (ECB), which allowed Germany to reduce the burden of debt service.
The federal budget draft in fact a small deficit of 6.5 billion euros last year. But thanks to the tax revenues of $ 2.6 billion higher than expected 2.9 billion in additional revenues and administrative billion in interest expense of euro less direct consequence of the declining rate of its obligations, Berlin managed to finish the year without incurring new debt.
This return to a balanced budget should provide additional arguments to European partners from Germany who urged to invest more support activity on the continent.
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