• İstanbul 18 °C
  • Ankara 17 °C

German public debt reached all-time high at end-2022

German public debt reached all-time high at end-2022
Debt of overall public budget rose 2% from year ago due to energy crisis, coronavirus pandemic, provisional data shows

By Tuba Ongun

ANKARA (AA) - Germany's public debt reached an all-time high of €2.37 trillion ($2.6 trillion) at the end of 2022, according to provisional data released on Wednesday.

The debt owed by the overall public budget to the non-public sector rose 2% year-on-year or €46.1 billion from a year earlier, the Federal Statistical Office (Destatis) reported.

The hike stemmed from climbing financing requirements due to the coronavirus pandemic and the energy crisis.

Compared with the end of the third quarter of last year, debt grew 1.8%, or by €41.9 billion.

Per capita debt amounted to €28,155.

The non-public sector comprises credit institutions and the remaining domestic and non-domestic sector, for instance private businesses in both Germany and abroad.

source: News Feed
This news is a total 29 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim