Financial market stabilisation putting a EUR 3.3 billion burden on net lending/net borrowing balance of general government in 2008
WIESBADEN – As reported by the Federal Statistical Office, the stabilisation measures taken by the government to support financial institutes put a burden of EUR 3.3 billion on the balance of net lending/net borrowing of general government, as defined in national accounts, in 2008. Expenditure was influenced especially by government support in the form of new capital injection (about EUR 2.2 billion) and compensation for impaired assets (about EUR 1.5 billion). On the other side, there was revenue from charges and capital transfers received (private business participating in the support measures) to the amount of some EUR 350 million.
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