January 13, 2020 / 7:38 AM / 11 days ago

Germany to post double-digit billion euro surplus for 2019: Sueddeutsche

BERLIN (Reuters) - The German federal government has made a low double-digit billion euro surplus in 2019, Sueddeutsche Zeitung newspaper reported on Monday, thanks to higher tax revenues and record-low interest rates.

Unused special funds - including money set aside for renovating schools or incentives for fighting climate change - also contributed to the surplus, Sueddeutsche added, citing government sources.

The official budget surplus is expected to be revealed later on Monday.

Reporting by Thomas Seythal; Editing by Alex Richardson

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