Germany set to balance federal budget by 2014 October 29, 2012 - 12:28 AMT PanARMENIAN.Net - Germany is set to balance its federal budget by 2014, Finance Minister Wolfgang Schaeuble said on Sunday, Oct 28, as Berlin urges other countries to slash deficits as a response to the eurozone debt crisis, AFP reports. In an opinion article for the Tagesspiegel am Sonntag, Schaeuble wrote: "Germany will already this year lower its deficit to below 0.5 per cent of GDP and from 2014 have a balanced budget again." "Reducing debt is one of the most important political tasks both in Germany and in many other countries. The German people are rightly demanding this with great force," the minister added. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news Armenian President meets ECAC chief  President Sargsyan stressed the role of European Civil Aviation Conference in the development of global and European aviation.Artsakh President holds working consultation Bako Sahakyan held a working consultation on establishing disability groups by the Center of medical and social expertise.Armenian envoy presents credentials to Italian President Giorgio Napolitano voiced confidence that Sargis Ghazaryan will contribute to the strengthening of Armenian-Italian ties.Prosecutor in Berlusconi sex trial gets letter with bullets Ilda Boccassini also asked that Berlusconi be banned for life from public office for allegedly paying for sex with a 17-year-old dancer. |
