The 30,000 -euro limit exceeded for the first time last year’s public sector debt to banks and private companies, its federal statistical service announced today. Germany. At a high level there are mainly debts of states, municipalities and communities.
According to figures for 2024, debt amounted to EUR 2,510.5.5 billion, which corresponds to € 30,062 per capita, EUR 669 more than 2023. Debt relates to off -budget debts of the federal government, states, municipalities and communities and insurance funds.
At the end of 2024 the federal government’s debt was 1,732.7 billion euros, by 2.1% increased compared to 2023. Debt, according to the Federal Statistical Service, was mainly launched by municipalities, with € 170.5 billion and an increase of 10.3%. On the contrary, the total debt of the Social Security sector decreased by 73.9%to € 10 million. “Champions” in debt are the municipalities of North Rhine -Westphalia, followed by the municipalities of Hesse and Zarland. In contrast, the lower levels of debt are recorded in the Municipalities of Brandenburg, Thuringia and Saxony.
Source: Skai
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