August 25, 2015 / 6:30 AM / 3 years ago

German budget surplus stood at 1.4 pct/GDP in H1 2015

BERLIN, Aug 25 (Reuters) - Germany’s budget surplus stood at 21.1 billion euros ($24.41 billion), or 1.4 percent of gross domestic product (GDP), in the first half of 2015, the Federal Statistics Office said on Tuesday.

Roughly half of the surplus came from the federal budget, which was boosted by a 4.4 billion euro windfall from the sale of mobile phone frequencies.

State and local governments, as well as the social security system, also registered surpluses.

$1 = 0.8645 euros Writing by Noah Barkin; Editing by Paul Carrel

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