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Wednesday, the German Federal Statistical Office said the financial deficit of the overall public budget stood at EUR 57.2 billion in the first half of the year, widening sharply from a deficit of EUR 6.9 billion in the same period last year.
The rise in the deficit was mainly due to a 8.1% increase in expenditures compared to a 1.7% fall in revenues in the overall public budget.
The financial deficit of the overall public budget is calculated as the difference between cash revenue and expenditure and includes the balance of internal offsetting items, the statistical office said.
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