Official figures show Germany’s budget surplus rose to 0.6% of gross domestic product (GDP) in the first half of the year, boosted by higher tax income.
The government pulled in 321.4bn euros in taxes, 3.8% more than a year ago thanks to its steady employment rate.
The German Federal Statistical Office, Destatis, said the surplus was 8.5bn euros (£7.3bn; $11.3bn) in the period between January and June.
The figure was higher than the surplus for the same period a year ago.
For the whole of last year, Germany’s budget surplus was 0.2% of GDP.
Budget surpluses are rare among European countries. Many have deficits of more than 3% of GDP, despite an European Union limit of that level.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.