Press Municipal deficit at 3.0 billion euros markedly higher in 1st half of 2016 year on year

Press release No. 340 of 26 September 2016

WIESBADEN – The core and extra budgets of the municipalities and associations of municipalities (excluding city states) showed a total financial deficit (as defined in public finance statistics) of roughly 3.0 billion euros in the first six months of 2016. The Federal Statistical Office (Destatis) also reports that the deficit was 1.9 billion euros higher than in the first half of 2015. A year-on-year comparison should take into account that the data provided for the first six months of 2015 were revised by several Länder, which led to a lower financial deficit.

The revenue of municipalities and associations of municipalities including their extra budgets totalled approximately 110.1 billion euros in the first half of 2016. This means they were 5.5% higher than in the first half-year of 2015.

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