Chancellor Angela Merkel’s nation is renown for its Budget Surpluses

Sharing is Caring

Chancellor Angela Merkel’s nation is renown for its Budget Surpluses

Angela Merkel‘s nation is Germany, it is a renowned nation for fiscal discipline. The country has in the past operated on surplus budgets.

In August, 2016 the country announced a budget surplus to the tune of 18.5 billion euros.

Read More:

The story of budget surplus in Germany started in 1991 after the reunification.

Chancellor Angela Markel is known for pushing for balanced budgets as a landmark of her economic policy. At one point Jens Spahn boasted that:

“These figures show that Germany is doing well, we invest more than ever- and still have surpluses.”

According to the Christian Democrat where the Angela Merkel belongs, part of the surplus will be used to lower Germany’s public debt which is approximated to be 68.2 percent of Gross Domestic debt (GDP). This is far above the 60 percent ceiling set by the European Union (EU) regulations.

The finance Minister even indicated that the surplus for 2017 will be used to cut on income taxes. While Germany is having one of the largest budget surplus, her neighbor France had the largest budget deficit.

READ: African countries with surplus budgets 

Sharing is Caring:
0

Comments

comments

Editor-in-Chief

Geoffrey Kerosi is a prolific Kenyan writer based in Nairobi City. Email: info@kerosi.com. Skype: gkerosi Whatsapp: +254713 639 776 YouTube: Kerosi TV

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.

Enjoy this blog? Please spread the word :)

Skip to toolbar