East Germany: Government Finances Under Scenario B
(In percent of GDP in east Germany, period averages)
|General government balance2||−50||−53||−37||−24||−17||−13|
|Income and corporate taxes||3||4||5||7||8||9|
|Social security taxes||16||19||19||17||16||16|
|Trust Fund balance||−9||−14||−2||−1||−1||−1|
|Fiscal transfers from west Germany||44||44||28||17||11||8|
|General government debt3||26||35||49||67||79||85|
|Trust Fund deht3||9||40||24||13||9||9|
|Total interest, including interest in west German fiscal accounts4||2||4||11||17||20||21|
|General government balance, including interest in west German fiscal accounts||−50||−55||−45||−37||−32||−29|
|General government debt, including debt registered in west German fiscal accounts3,5||48||101||167||232||271||287|
Second half of the year on an annualized basis.
National accounts basis; excluding fiscal transfers from west Germany.
End of year, or average of end-of-year data for groups of years.
Interest in the west German accounts related to financing fiscal transfers to east Germany.
Debt incurred in the west German accounts related to financing fiscal transfers to east Germany and the associated interest payments. The debt level at the end of 1990 refects the initial debt level assumed for July 1, 1990 and the borrowing requirement in the second half of 1990 (i.e., at half of the annual rate implicit in the column for 1990).