29 March 2023
Public debt reached all-time high of roughly 2.37 trillion euros at the end of 2022
The debt owed by the overall public budget (Federation, Länder, municipalities and associations of municipalities, social security funds, including all extra budgets) to the non-public sector amounted to 2,367.3 billion euros at the end of 2022. Based on provisional results, the Federal Statistical Office (Destatis) reports that public debt rose by 2.0%, or 46.1 billion euros, compared with the end of 2021, thus reaching a new all-time high. Compared with the end of the third quarter of 2022, debt increased by 1.8%, or 41.9 billion euros. Per capita debt amounted to 28,155 euros. The non-public sector comprises credit institutions and the remaining domestic and non-domestic sector, for instance private businesses in Germany and abroad.
