Germany's budget deficit hits 67.7B euros

Germany's overall budget deficit increased to 67.7 billion euros during the first eight months of the year, due to higher expenditures and declining revenues. Expenditures amounted to 333.9 billion euros, a 4.7% increase, while revenues decreased to 266.3 billion euros, down by 2.5%. The main reasons for the rising deficit include increased pension support, loans to the Federal Employment Agency, and a 27.4% rise in defense expenses, with military procurement activities increasing by 46.2%.

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