For the first time since 1969 when the Germans balance the state budget. Low interest rates on government debt and higher tax revenues helped the government to reach a balance in the German state budget a year earlier than planned, according to figures from the Finance Ministry.
Tax revenues rose to 270.8 billion euros, 2.6 billion better than previously forecast. At the same time, expenditure fell by one billion euros more than expected, to the lowest level since in 2009.
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