Bank Of Baku

German Public Debt Rises 1.7% in H1

German Public Debt Rises 1.7% in H1
# 24 September 2010 08:58 (UTC +04:00)
Baku - APA-Economics. The level of Germany’s public debt rose 1.7% in the first six months of 2010 compared to the prior six month period, official figures showed on Thursday, RTT News reported.

Statistical office Destatis said public debt totaled 1.7 trillion euros at the end of June. This breakdowns to a debt of just over 21,000 euros for every German.

At the federal level, the debt increased 1.5% in the first six months of the year to 1.1 trillion euros.

Germany, which is the largest economy in Europe, has announced spending cuts to save EUR 80 billion by 2014, as it seeks to bring its debt and deficit levels under the Maastricht limit.
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