Berlin – SABA:
Germany’s public debt rose to a new record high of €2.510 trillion last year, according to data released Tuesday by the Federal Statistical Office.
This equates to a debt of €30,062 per capita, an increase of €669 compared to 2023. Officials noted that Germany’s public debt has been steadily rising since 2020.
The figures represent the general government debt, which includes the federal government, state governments, municipalities, municipal associations, social security, and the private sector.
The Federal Statistical Office reported that federal government debt rose by 2.1% to €1.732 trillion, while total debt across Germany’s 16 federal states also increased by 2.1% for the first time since 2021, reaching €607.3 billion.
Overall, Germany’s public debt rose 2.6% year-on-year by the end of 2024, compared to the end of 2023.
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