1. Trends in the federal Budget
| Trend | Estimated 2008 | Jan. to Dec. 2008 |
Jan. to Dec. 2007 |
|---|---|---|---|
| Expenditure | 283,200 | 282,308 | 270,450 |
| Revenue | 271,051 | 270,476 | 255,718 |
| Tax revenue | 237,955 | 239,231 | 230,043 |
| Financial deficit | -12,149 | -11,792 | -14,690 |
| Adjusted for revenue from coin |
249 | 257 | 354 |
| Net borrowing / current financial market balance |
-11,900 | -11,535 | -14,336 |
2. Market resources
| Resource | As at October 31 st, 2008 | Increase | Decrease | As at November 30 th, 2008 |
|---|---|---|---|---|
| Federal bonds | 593,468 | 7,000 | 0 | 600,468 |
| Index Linked Bonds | 22,000 | 0 | 0 | 22,000 |
| Special federal bonds | 167,000 | 4,000 | 0 | 171,000 |
| Federal savings bonds | 9,485 | 142 | 59 | 9,568 |
| Federal treasury notes | 115,000 | 0 | 0 | 115,000 |
| Treasury discount paper | 38,446 | 5,937 | 5,881 | 38,502 |
| Treasury financing paper | 2,405 | 83 | 120 | 2,369 |
| German government day bond | 2,414 | 754 | 120 | 2,369 |
| Loans against borrowers` note | 13,315 | 0 | 0 | 13,315 |
| Treuhand medium-term notes | 205 | 0 | 51 | 153 |
| Total outstanding debt | 963,738 | 975,409 |
| Term length | As at October 31 st, 2008 | As at November 30 st, 2008 |
|---|---|---|
| Short Term (up to 1 year) | 182,456 | 183,266 |
| Medium term (1 year to 4 years) | 309,718 | 309,480 |
| Long term (over 4 years) | 471,564 | 482,664 |
| Total outstanding debt | 963,738 | 975,409 |
3. General government tax revenue
| Date | Total tax receipts |
|---|---|
| Tax revenue Estimate November 2008 | 514,731 |
| As per December | 69,157 |
| January to December | 515,498 |
4. Guaranteed debt
|
Purpose of Guarantees |
Budget framework 2008 | Allocated amount at December 31st, 2008 | Allocated amount at September 31st, 2007 |
|---|---|---|---|
| Export credit guarantees | 117.0 | 103.3 | 98.6 |
| Untied loans, direct foreign investments, Loans of the EIB, KfW shareholding in EIF | 40.0 | 25.7 | 26.7 |
| Bilateral financial cooperation projects | 2.3 | 1.2 | 1.1 |
| Food stockpiling | 7.5 | 7.5 | 7.5 |
| Domestic guarantees | 95.0 | 87.0 | 52.1 |
| International financial institutions | 46.6 | 40.3 | 40.3 |
| Treuhandanstalt-successor organisations | 1.3 | 1.0 | 1.2 |
| Interest compensation guarantees | 4.0 | 4,0 | - |
5. Key dates on the fiscal policy agenda
| Agenda item | Date |
|---|---|
| Euro Group and ECOFIN in Brussels | 09/10 February 2009 |
| Meeting of the G7 Finance Ministers in Rome | 13/14 February 2009 |
| Euro Group and ECOFIN in Brussels | 09/10 March 2009 |
| Meeting of G20 Finance Ministers in London | 14 March 2009 |
| European Council in Brussels | 19/20 March 2009 |
German Version:
Exact statistics and explanations of 1 to 5 above are to be found in the Monthly Report of the Federal Ministery of Finance or in the
