Reuters: US Dollar Report: Schaeuble says Germany targets balanced budget by 2014

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Schaeuble says Germany targets balanced budget by 2014 Oct 31st 2012, 14:36 BERLIN | Wed Oct 31, 2012 10:36am EDT BERLIN Oct 31 (Reuters) - Germany has its sights on a balanced budget by 2014 but strong recent growth seen in tax revenues will tail off from next year, Finance Minister Wolfgang Schaeuble said on Wednesday. "We are striving for a structurally-balanced budget for 2014," said the minister, adding that the country could even meet the fiscal requirements of its "debt brake" law next year instead of a 2016 deadline. Presenting the latest tax revenue estimates for 2012-2016, he said these numbers "correspond with an economy that is on a moderate growth course" but still meant that Germany was the "stability anchor and growth locomotive of the euro zone".

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