It is the lowest share since the first half of 2008, before the financial crisis. They have also increased 6 per cent revenue of the German State. Gross domestic product only grew by 0.1% in the second quarter. The public deficit of Germany recorded a sharp drop reaching 0.6% of the gross domestic product (GDP), as announced on Thursday the Federal Statistical Office (Destatis) in the first half of 2011. Public office based in Wiesbaden, in the center of the country, stressed that it is the lowest deficit quota since the first half of 2008, before producing the economic and financial crisis worldwide, and the return of Germany to the Maastricht criteria. Destatis recalled that the Germany deficit reached 3.1% of GDP in the first half of 2010 and in the second half fired up 5.4%. An increase of revenue technical statisticians noted that the German State had revenues of 562.300 million in the first half of this year’s euros, about 31,900 million euros more that in the same half of 2010, representing an increase of 6%. They also underlined that, against the appreciable increase in public revenues, spending only increased in the same period by 3%. Destatis confirmed addition its interim figures on 16 August and noted that only GDP increased by 0.1% in the second quarter of 2011 compared to the first, even though it has a new rise in the second half of the year. Source of the news: the public deficit of Germany falls to 0.6% in the first half