Germany's 2005 Budget Sees Higher Spending
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Germany's finance minister presented a 2005 budget Tuesday that boosts government spending and foresees record interest payments on the national debt, but still aims to get the country back under European Union deficit limits.
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The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
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OTTAWA (CP) - Prime Minister Paul Martin says the Defence Department will get more money even as its expenditures are examined.
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Germany's trade surplus widened in November, despite the increased strength of the euro, as exports to other European Union countries rose, according to government figures released Monday.
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After months in a slump, Germans have found a fresh taste for shopping, with Christmas giving the eurozone's biggest economy a boost, a survey by the GfK institute showed Thursday.
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German shoppers are splashing out on bigger items ahead of a sharp rise in VAT in January, a survey suggests.
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FRANKFURT : Germany, the biggest eurozone economy, risks running foul of the EU's tight budget rules again next year, even if Berlin insists it will be able to meet its deficit commitments in 2005, the ...
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Unemployment in Germany, the eurozone's biggest economy, is continuing to rise and could even reach five million by the winter, new data showed.
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"We are presenting a financial plan under which we will achieve a balanced budget for the first time in 40 years in the year 2011 at the latest"  Germany's Cabinet approved a draft 2008 budget on Wednesday that foresees a cut in new borrowing even as spending increases slightly -- underlining the government's aim to balance its books by 2011. via BusinessWeek
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Inflation in Germany, the eurozone's biggest economy, picked up this month as a result of a renewed surge in oil prices, key regional data showed.
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Companies in Germany's key manufacturing sector saw a rebound in orders in July, buoyed by strong demand for German-made goods both at home and abroad, official data showed.
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The German government on Monday sold shares worth â¬1.6 billion, or $2.14 billion, in Deutsche Telekom to the state-owned development bank KfW Group as the finance minister, Hans Eichel, strove to rein in the budget deficit.
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The German government has come up with a new idea for plugging the gaping hole in its public finances and rein in its budget deficit, the daily Die Welt reported.
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Germany increases its aid pledge for tsunami victims to $674m - the largest international donation so far.
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Germany's budget deficit widened in the first half of this year, figures released Tuesday showed, but the government renewed its commitment to get the shortfall back within a European Union-imposed limit next ...
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Consumer confidence in Germany, Europe s biggest economy, climbed to a six-month high as the winter holidays prompted shoppers to increase spending, the GfK market research company said.
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Chancellor Gerhard Schroeder stepped up the German government's pledge of financial aid to tsunami victims to $674 million US Wednesday as European nations moved to step up help to the devastated region.