German budget surplus declines to 45.2b euros

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