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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	12/23/2001 12:52:44 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

Public debts getting bigger and bigger shm Berlin - the fiscal gap in the public households continues to increase. The Federal Statistical Office announced that federal, state- and municipal-level []treasuries have in the first nine months of this year amassed 97.3 billion DM of deficit. This is approximately 20 billion DM more than in the same period last year. The statisticians explained the significant rise in deficit by a modest rise in outflows, facing substantially lower inflows. The total debt of all public households was indicated to be 2,3 trillion DM at the end of September. This is 0.3 per cent more on the year to year basis. According to this information source it was above all the tax receipts of the municipalities that were clearly falling. They sank by 5,4 per cent to 64.2 billion DM. The decrease on the state level amounted to 4,3 per cent (242.1 billion DM). In the comparison to it the federation got off relatively unscathed with a minus of 2,4 per cent. Its incomes sank to 294,2 billion DM. (from SZ #295 p 25) comment: so one hears the old familiar woopie war cries again "drop the interest rate, drop the tax levels" Drop your trousers, idiots... What Germany needs (and has been in dire need of for the decades) is a sound, serious corporate tax system reform. Nothing much happened so far. After the federal elections there'll be another - probably the last - chance to do something about it. And if the winner decided again to do nothing, Germany is probably in for a serious crisis of its federal system. dj [] The structure of (Federal Republic of) Germany is Federation, States (or Bundesländer), further divided in Municipalities

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