Germany Reaffirms 2012 Structural Deficit Under 0.5% Of GDP

BERLIN (MNI) – In its updated stability program approved Wednesday,
the German government reaffirmed its forecast for a structural public
deficit of less than 0.5% of GDP this year.

For 2014, the government expects a structurally balanced public
budget. The total debt level is expected to fall from 82% of GDP this
year to 73% in 2016.

–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com

[TOPICS: M$X$$$,M$G$$$,MFGBU$,MFX$$$,MGX$$$]