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23 Mar 2016
Germany: Its budget time – Rabobank
Bas van Geffen, Quantitative Analyst at Rabobank, suggests that today, German Finance Minister Schaeuble will present the budget for 2017.
Key Quotes
“Germany has been running a tight budget over the years, but the German government has room to spend more: tax revenues have been growing at a decent clip of 5% last year, although this pace has slowed since the fourth quarter.
Although the Germans are generally unwilling to be drawn into budgetary stimulus, the 2017 budget looks set to be one of the more buoyant in the last five years. A blueprint of the budget indicates that spending will rise by almost 3% next year, with a particular focus on social spending, defence and infrastructure.”
Key Quotes
“Germany has been running a tight budget over the years, but the German government has room to spend more: tax revenues have been growing at a decent clip of 5% last year, although this pace has slowed since the fourth quarter.
Although the Germans are generally unwilling to be drawn into budgetary stimulus, the 2017 budget looks set to be one of the more buoyant in the last five years. A blueprint of the budget indicates that spending will rise by almost 3% next year, with a particular focus on social spending, defence and infrastructure.”