German 2009 Govt. Deficit Ratio 3.3%

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Germany's net borrowing of general government stood at EUR 79.3 billion in 2009, which was 3.3% of gross domestic product, the Federal Statistical Office said on Wednesday.

The net borrowing of central government amounted to EUR 39.6 billion, while the state government net borrowing was EUR 20.2 billion. The net borrowing for local government was EUR 7.5 billion and the social security funds for EUR 12.1 billion.

Net borrowing is calculated as the difference between revenue and expenditure of general government.

Germany's net borrowing of general government stood at EUR 79.3 billion in 2009, which was 3.3% of gross domestic product, the Federal Statistical Office said on Wednesday. (Market News Provided by RTTNews)