Public debt rose by 7.1% to Euro 1.69 trillion in 2009
WIESBADEN – According to first provisional results of the Federal Statistical Office (Destatis), the debt of public budgets had risen by Euro 112.7 billion or 7.1% at the end of 2009. This was the second-highest absolute increase of debt against the preceding year since the Federal Republic of Germany was founded. All in all, the overall burden of public debt in Germany (core budgets of the Federation, the Länder, the municipalities and associations of municipalities, and their extra budgets) amounted to Euro 1,692.2 billion at the close of 2009.
