Originally published at Travemünde 24 News . You can comment here or there .
The year 2007 was characterized by a positive overall economic development in Germany, which was not as predictable.
A strong decline in unemployment and the ever-increasing social security contributions shaped the situation on the labor market. Accordingly, the overall economic Eckwertannahmen were adapted by the Federal Government during the year several times. This had a significant influence on the financial results of the Federal Employment Agency (BA). Contrary to the budget planning, which ended with a deficit of 4.3 billion euros, was won by BA at the end of a surplus of 6.6 billion euros.
had with the year 2006/2007, the legislature set the contribution in unemployment of 6.5 percent reduced to 4.2 percent. This measure has cut the revenue base of BA, but not to the extent that it had to be imagined. Contributions from the BA expected revenue for 2007 revenue of 30.9 billion euros, were actually the result of 32.3 billion euros from 1.3 billion euros more be achieved. While the federal contribution could be appropriated to the costs of employment promotion with 6.5 billion euros as planned and easy to manage the federal reimbursement under the basic allowance for job seekers the expected amount of 2.2 billion € turned out, the other revenue by almost 90 million euros were below plan.
In the area of the right circle SGB III, the unemployment rate over the previous year to about 410,000 and decreased by almost a quarter. The decline helped the BA, to do more than one-fifth of the planned expenditures do not. The expenditure in 2007 totaled 36.2 billion euros. For unemployment benefits were in the 2007 budget planned 21.8 billion euro, which were not needed by the end of 4.8 billion euros. The approach to the Aussteuerungsbetrag was considered subject to refund of 390,000 crossings of unemployment benefit recipients with an exhausted entitlement to unemployment benefit in the right circle SGB II. The expenditure requirements calculated with EUR 4 billion, the expenditure amounted to only 1.9 billion €.
Together with the reserve built up in 2006 decreed the end of 2007, BA now has a total of almost 18 billion euros. This financial cushion is admitted that the contribution rate by 1 January 2008 was reduced again to 3.3 percent now. In addition to providing for less favorable economic times hit be. The BA is planning a part of the surplus in a cash reserve - to lead - 9 billion euros that can be used in difficult labor market situation in order to avoid required contribution rate increase possible. The quarterly report is available at: www.arbeitsagentur.de > Publications> Financial Information
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