Daily Traders Edge

Germany notches up record budget surplus in 2015: stats office

February 23
07:45 2016

Germany ran up a record surplus in its public finances in 2015, with Europe's biggest economy showing "solid and consistent" growth last year, the federal statistics office, Destatis, said on Tuesday. Germany notched up an overall surplus of 19.4 billion euros ($21 billion) on its public budgets last year, "which in absolute terms is the highest since unification" in 1990, the office said in a statement. In 2014, Germany had achieved a surplus of 8.9 billion euros or 0.3 percent of GDP.

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