The current situation of Germany’s federal fiscal affairs seems comfortable at first glance, but the future drain on the country’s budget is likely to be dramatic as Germany faces a demographic timebomb and future commitments. GIS expert Prof Dr Michael Wohlgemuth takes a look at the current situation and the future debt in the second of his four-part series.

WOLFGANG Schauble, the German federal minister of finance, has announced his road-map for balancing the budget by 2016. If this is achieved it will be the first time since 1969 that Germany has done this.

At first glance, the figures look impressive – especially when compared with most other EU ...

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Dr. Michael Wohlgemuth
The federal government plans to run a deficit of 19.6 billion euros for 2013 – some 15 billion less than 2012 and little more than 10 million new debt is planned in 2015
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