Mon, 21 Jul 2014 12:20:03 GMT
Angela Merkel receives double budget in June
German Chancellor's budget doubled in June following an increase in the federal tax revenue and a decrease in the expenses of servicing debt. The federal tax revenue climbed 10.9% in June, whereas spending fell 0.4%. The state tax revenue by-turn jumped 19.6%. Merkel set the objective to operate a near-balanced budget in the present year and give up new borrowing