Summary It was the first time since unification in 1990 that Germany's public finances have been in black.
FRANKFURT (AFP) - Germany s public finances were back in the black in 2014, when Europe s biggest economy clocked up a financial surplus equivalent to 0.6 percent of overall output, official data showed on Tuesday.
The combined budgets of the German government, regional states, municipal authorities and welfare system showed an overall surplus of 18 billion euros ($20.4 billion), the federal statistics office Destatis calculated in a statement.
It was the first time since unification in 1990 that Germany s public finances have been in the black. The surplus represented 0.6 percent of the country s overall gross domestic product (GDP) of 2.904 trillion euros, Destatis said.
