Germany to have highest deficit ever

Germany's SPD and Green coalition have said today that the country's budget deficit for 2003 will be the highest on record at around €43.8bn.

Germany to have highest deficit ever
Thu, 23 Oct, 2003 - 12:19

Germany's SPD and Green coalition have said today that the country's budget deficit for 2003 will be the highest on record at around €43.8bn.

Finance Ministry sources have said Minister Hans Eichel is due to revise upward this year's federal government budget deficit to €43.8bn from the previous official forecast of €18.6bn.

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