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The German Public Budgets in 2003/2004: No Sign of Improvement—Deficits set to Rise Further

机译:2003/2004年德国公共预算:没有改善的迹象-赤字将进一步上升

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摘要

The longer the economic crisis lasts the more evident is the dilemma for the public budgets. On the one side the stagnating economy urgently needs stimulus to enable it to gather pace again, and fiscal policy has an important part to play here. On the other side the political decision-makers are trying to halt the growth in the public deficits by cutting back on spending and opening up new sources of revenue. Despite these efforts there is no sign of improvement in the financial situation for this year or next - on the contrary, DIW Berlin estimates that the deficit for the central, state and local governments together will be 80 billion euros this year (using the financial statistics definitions), which is 20 billion euros more than in 2002. Next year the gap is likely to be even wider, at 87 billion euros, if the third stage of the tax reform is brought forward to 2004. In an estimate based on the definition in the national accounts the deficit ratio will be a good 4% in both years.
机译:经济危机持续的时间越长,公共预算的困境就越明显。一方面,停滞不前的经济迫切需要刺激经济以使其重新站起来,财政政策在这里起着重要的作用。另一方面,政治决策者正试图通过削减开支和开放新的收入来源来阻止公共赤字的增长。尽管做出了这些努力,但今年或明年的财务状况没有改善的迹象-相反,柏林DIW估计,中央,州和地方政府的赤字今年总计将达到800亿欧元(使用财务统计数据)定义),比2002年增加200亿欧元。如果将税收改革的第三阶段推进到2004年,明年的差距可能会更大,达到870亿欧元。根据定义进行的估算国民账户中的赤字率在两年内都将达到4%。

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