BERLIN, Aug 24 (Reuters) - Germany likely posted a budget surplus of some 7.3 billion euros ($10.85 billion) in the first half of 2008 according to the Kiel-based IfW economic research institute, business daily Handelsblatt reported on Sunday.
The IfW thinktank had calculated the combined surplus of federal, state and local governments in the first half equated to 0.6 percent of German gross domestic product, the paper said.
Germany's Federal Statistics Office is due to publish a budget balance estimate for the January-to-June period on Tuesday.
($1=.6727 Euro)
(Writing by Dave Graham, editing by Maureen Bavdek) Keywords: GERMANY BUDGET/ tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The IfW thinktank had calculated the combined surplus of federal, state and local governments in the first half equated to 0.6 percent of German gross domestic product, the paper said.
Germany's Federal Statistics Office is due to publish a budget balance estimate for the January-to-June period on Tuesday.
($1=.6727 Euro)
(Writing by Dave Graham, editing by Maureen Bavdek) Keywords: GERMANY BUDGET/ tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News