German budget surplus nearly twice as high as expected - despite migrant record

[Tender Branson]

BERLIN (Reuters) - The German government can count on a larger-than-expected budget surplus of more than 10 billion euros ($10.87 billion) in 2015, which will help Berlin meet the costs of an unprecedented refugee influx, Der Spiegel reported on Friday.

The magazine said last year's budget surplus would be nearly twice the previously expected 6 billion euros.

A spokeswoman for the finance ministry declined either to confirm or deny the report, saying officials were still calculating the exact number. The final figure would probably be published next week, she added.

Germany is shouldering much of the burden of Europe's biggest migrant crisis since World War Two, with over 1 million people having arrived in the country in 2015 alone.

The DIW economic institute has estimated that state spending on refugees will rise from roughly six billion euros this year to 15 billion euros in 2016 and 17 billion euros in 2017.

http://finance.yahoo.com/news/german-budget-surplus-nearly-twice-170114328.html

Excellent. Germany might soon drop below 70% debt as a percentage of GDP.

[Kingpoleon]

Germany is about to become a very powerful economic power. If we took off its debts, it would definitely be able to dominate the E. U., at least enough to cause an industrial book throughout the Union.