During the pandemic state debt Germany has risen to a record level. At the end of 2021, the debt of the federal, state and municipal budgets, as well as social insurance funds, together amounted to 2321.1 billion euros, the Federal Statistical Office in Wiesbaden announced on Thursday, July 28, announcing the final data for last year.
At the same time, public debt increased over the year by 6.8 percent (148.3 billion euros) to the highest level ever recorded in the relevant statistics, the agency noted. According to him, the growth of public debt, especially at the federal level, is associated primarily with spending on implementation of measures to combat the spread coronavirus.
Germany’s national debt in 2021: almost 28 thousand euros per inhabitant
Federal debt at the end of 2021 amounted to 1,548.5 billion euros, which is 10.3 percent (145 billion euros) more than a year earlier. The debt of the federal states in total increased by 0.4 percent (2.5 billion euros) to 638.5 billion euros, it is indicated further. Municipal budgets at the end of last year had a total debt of 134.2 billion euros, which is 0.6 percent (0.8 billion euros) more than at the end of 2020. The debt of social insurance funds at the end of last year was 45 million euros, that is, one million euros more than in 2020.