Due to the good economic situation, public debt in Germany in the third quarter of 2018 have fallen further. The Federal government, Länder, municipalities and social insurance, including all of the extra households were indebted at the end of September, with approximately 1,929 trillion euros. As to the Federal statistics office, 2.3 percent less than in the same period of the previous year. For the second quarter of 2018, the debt decreased Los, however, by 0.2 percent.
According to the Figures of the Federal Statistical office of all public budgets, debts have reduced. The Federal debt dropped by 1.4 percent to 1226,3 billion Euro in the countries by 3.4 percent to 572 billion euros. All the member States except of Hamburg and Schleswig-Holstein – struggling with the Legacy of the HSH Nordbank – have been able to reduce their debts. Front axles with a debt decrease of 13.9 per cent, followed by Baden-Württemberg with a 12.5 percent decline, and Bavaria with 11.4 percent decline.
Also in the case of the municipalities, the stand decreased in the third quarter of the debt. He fell to 5.5 per cent at 131.1 billion euros. Especially municipalities in Mecklenburg-Western Pomerania and Saxony were able to reduce, at around 9 percent most of debt. Clear frontrunner, however, is Hessen, with a Minus of 21 percent. Here, the Hesse Fund has adopted a program to debt relief – cash loans of the 144 municipalities in the amount of 3.6 billion euros. Without the measure, the debt of the Hessian municipalities would have fallen by only 0.4 percent.
debts could under brand of 60 percent of GDP
decline of The social insurance, was heavily in debt at the end of the third quarter, with 403 million euros, which represents a decline of 7.3 percent. In the statistics, only liabilities to the non-public area will be conducted, including, for example, credit institutions and private companies.
The Bundesbank, expects the public debt go to the end of the year, for the first time since 2002, under the mark of 60 per cent of the gross domestic product (GDP) may fall. It is defined in the EU treaties as an upper limit, but violated many of the States. The after Germany’s second-largest economy, France is approximately 100 percent, the number three in Italy even to 130 percent.
