Press Public debt down 1.1% year on year at the end of the 1st quarter of 2019

Press release No. 243 of 27 June 2019

WIESBADEN – The debt owed by the overall public budget (Federation, Länder, municipalities/associations of municipalities and social security funds including all extra budgets) to the non-public sector (credit institutions and the remaining domestic and non-domestic sector, for instance private businesses in the domestic territory and abroad) amounted to 1,927.2 billion euros at the end of the first quarter of 2019. Based on provisional results, the Federal Statistical Office (Destatis) also reports that this was a decrease in debt of 1.1%, or 22.0 billion euros, compared with the end of the first quarter of 2018. Compared with the fourth quarter of 2018, public debt increased by 0.7% or 13.1 billion euros.

Basic data and long time series are available in table Debts owed to the non-public sector in the GENESIS-Online database.

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