Germany expects its structural budget deficit to attain the medium-term budget goal of 0.5 percent of gross domestic product this year, according to a report from the Finance Ministry.
The Cabinet Office on Wednesday approved an updated stability program which reaffirmed the government's forecast at less than 0.5 percent of GDP.
The stability program report says the balance will continue to improve in the coming years and the structural budget will be balanced from 2014.
Public debt, meanwhile, is expected to fall to 73 percent of GDP in 2016 from 82 percent of GDP this year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.