Intends to German Finance Minister to provide a financial plan until the year 2017 to the Cabinet on Wednesday for approval, the plan provides for the German government's intention to eliminate the new debt as of 2015 to be the first of its kind in four decades.
In contrast, the German government was forced to raise the volume of debt this year by eight billion euros to reach 1.25 billion euros, due to the assistance provided by the victims of the floods summer this year, and includes a draft budget for 2014, a fraction of new debt of up to 2.6 billion euros, while government intends to achieve a small surplus in the budget for 2015 worth up to two hundred million euros.
In contrast, the German government was forced to raise the volume of debt this year by eight billion euros to reach 1.25 billion euros, due to the assistance provided by the victims of the floods summer this year, and includes a draft budget for 2014, a fraction of new debt of up to 2.6 billion euros, while government intends to achieve a small surplus in the budget for 2015 worth up to two hundred million euros.
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