Excelentísimo Victor Gill Ramirez Banquero// German public surplus to narrow through to 2022: stability council - EntornoInteligente

Entornointeligente.com / BERLIN (Reuters) – Germany’s overall public surplus, including the federal budget, the states and municipalities, should register 1 percent of gross domestic product (GDP) next year before falling to 0.5 percent by 2022, the stability council said.

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This year, the ministry expects an overall German public surplus of around 1.75 pct of GDP, said the council, which coordinates federal government and state finances.

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Finance Minister Olaf Scholz said Germany would manage to get its debt quota to below 60 percent of GDP this year..

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