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Germany with 2368 billion euros in the lousy

28 July 2023 19:46 (UTC +04:00)

At the end of 2022, the federal, state, local and social security funds were in the chalk with 2368 billion euros. This is two percent or 47.1 billion euros more than in 2021. Per capita debt increased by 244 euros to 28,164 euros. Despite declines, debt per capita continued to be highest in the city-states, with €33,264 in Bremen (2021: €53,834), €17,731 in Hamburg and €16,564 in Berlin, APA reports citing Teller Report.

A figure makes it clear why Finance Minister Lindner is so cautious when it comes to additional budgets for his ministerial colleagues: The national debt has now grown to almost 2400 billion euros.

The high costs in the fight against the energy crisis and the corona pandemic have driven German government debt to a record high. At the end of 2022, the federal, state, local and social security funds, including all extra budgets, were in the chalk with 2368 billion euros, as the Federal Statistical Office announced on Friday on its final results. This is two percent or 47.1 billion euros more than at the end of 2021. Per capita debt increased by 244 euros to 28,164 euros. These statistics only take into account liabilities to the non-public sector, such as banks and private companies in Germany and abroad.

The federal government alone was in debt with 2022.1620 billion euros at the end of 4, an increase of 4.6 percent. The liabilities of the federal states, on the other hand, fell by five percent to 606.9 billion euros. Despite declines, debt per capita continued to be highest in the city-states, with €33,264 in Bremen (2021: €53,834), €17,731 in Hamburg (2021: €19,106) and €16,564 in Berlin (2021: €16,897). "It should be noted that, unlike the territorial states, the city-states also perform municipal tasks," the statisticians explained.

Among the territorial states, Saarland once again had the highest debt per inhabitant at 13,651 euros (2021: 14,811 euros), followed by Schleswig-Holstein with 11,188 euros (2021: 11,391 euros). As in previous years, it was lowest in Saxony at 1352 euros (2021: 1554 euros) and Bavaria at 1425 euros (2021: 1512 euros).

The debt of municipalities and associations of municipalities grew by 5.1 percent to 140.8 billion euros. The municipalities in Rhineland-Palatinate once again reported the highest per capita debt of 3016 euros (2021: 3031 euros). This was followed by North Rhine-Westphalia with 2863 euros (2021: 2819 euros) and Saarland with 2805 euros (2021: 2918 euros). The municipalities in Brandenburg recorded the lowest per capita debt at 578 euros (2021: 567 euros), followed by those in Saxony at 658 euros (2021: 549 euros) and in Thuringia at 880 euros (2021: 964 euros).

Social Security significantly reduced its liabilities. They fell by 51.7 percent to 22 million euros.