Press release No. 369 of 14 October 2016
WIESBADEN – In the first six months of 2016, the social security funds recorded a cash deficit (as defined in public finance statistics) of 1.3 billion euros. The Federal Statistical Office (Destatis) also reports that the deficit was 3.4 billion euros lower than in the first half of 2015.
The revenue of the social security funds totalled 293.4 billion euros in the first six months of 2016. This is an increase of 4.2% on the first half of 2015. Expenditure increased by 3.0% to 294.7 billion euros.