Represents public expenditure by the German government. The government budget on spending is determined by fiscal policy. Thus, it is very predictable and rarely, if ever, moves the market upon release.

The headline is expressed in millions of Euros.

Note: The Government Spending figure comes out with the GDP report

Relevance: Rarely affects markets
Release schedule: 6:00 (GMT); quarterly, toward the end of every 3 month
Source of report: Federal Statistical Office of Germany
Web Address: http://www.destatis.de/indicators/e/iwf01.htm
Address of release: http://www.destatis.de/basis/e/fist/fist03_1.htm
AKA: Government Expenditure, Government Purchases, Transfer Payment, Public Finance, Public Expenditure, Public Budget