German Overall Public Budget In EUR 96.9 Bln Deficit

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The financial deficit of the German overall public budget was EUR 96.9 billion in the first three quarters of 2009 compared to a shortfall of EUR 17.2 billion in the same period of last year, the Federal Statistical Office said in a report on Tuesday.

Compared with the first three quarters of 2008, public expenditure increased 7.9% to EUR 838.8 billion, while revenue slipped 2.4% to EUR 741.9 billion. The statistical office said the net borrowing to finance the deficit totaled EUR 62.8 billion.

The financial deficit of the German overall public budget was EUR 96.9 billion in the first three quarters of 2009 compared to a shortfall of EUR 17.2 billion in the same period of last year, the Federal Statistical Office said in a report on Tuesday. (Market News Provided by RTTNews)