Destatis - Federal Statistical Office of Germany : Social insurance funds record deficit of 4.0 billion euros in the first three quarters of 2013

WIESBADEN- In the first three quarters of 2013, the social insurance funds recorded a financial deficit (as defined in public finance statistics) of 4.0 billion euros in cash terms.Destatis) also reports that, in the first three quarters of 2012, the social insurance funds recorded a financial surplus of 5.9 billion euros. 

The social insurance funds' revenue totalled 394.7 billion euros in the first three quarters of 2013. Compared with the same period a year earlier, this was an increase of 0.5%. Expenditure rose by 3.1% to 398.6 billion euros.

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