German budget surplus declines to 45.2b euros

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BERLIN Germany’s budget surplus declined to 45.2 billion euros (48.8 billion U.S. dollars) in 2019, the German Federal Statistical Office (Destatis) an nounced. According to Destatis, all government levels recorded a positive net lending balance. The federal government recorded a surplus of 14.8 billion euros while the states even recorded a surplus of 16.6 billion euros. However, Germany’s total budget surplus declined by 8.5 billion euros compared to 2018.— Xinhua

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