Numbers for 2024
Debt Germany continues to grown
The debts rise. Nevertheless, the debt rate drops. A central EU limit remains out of reach.
Despite the increasing government debt, Germany’s debt rate drops. According to the Bundesbank calculations, the government debt increased by 57 billion to around 2.69 trillion euros. The federal debt grew the most with 36 billion euros. Overall, however, the increase was somewhat lower than a year earlier.
The debt ratio, on the other hand, – the ratio of debts to the entire nominal economic output -, according to the provisional information from the Bundesbank, the third year in a row: 0.4 points to 62.5 percent.
60 percent upper limit
Nevertheless, like most states in the euro area, Germany exceeded the maximum mark of 60 percent agreed in the European contracts of Maastricht for the fifth time in a row. Most recently, Europe’s largest economy had fallen below this brand with a value of 58.7 percent in the 2019 pre-Corona year. Billions aids in the Pandemie years and in the following energy crisis in the course of the war in Ukraine caused the debt ratio to rise again.
Deficit also financed by recourse to existing bank deposits
Last year, the federal government, countries, municipalities and social insurance spent 118.8 billion euros more than revenue after preliminary calculations by the Federal Statistical Office.
The Bundesbank explains that a large part of the deficit could be financed by recourse to existing bank deposits. In addition, the federal government was able to limit its debt admission because it received repayments from previously awarded aid loans.
dpa
Source: Stern
