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MIL OSI Translation. Region: Germany / Deutschland –

Source: Destatis Federal Statistical Office

General public budget debt increased by 15.6% as of September 30, 2020 compared to the end of 2019

Press release No. 527 from December 22, 2020

WIESBADEN – Public debt rose to a new high in the 3rd quarter of 2020: The overall public budget Municipalities/Community associations as well as social security including all extra budgets) was indebted to the non-public sector (credit institutions as well as other domestic and foreign sectors, e.g. private companies in Germany and abroad) with 2,195.1 billion euros at the end of the quarter. At the end of the 2nd quarter of 2020, the highest debt level recorded in the debt statistics was reached (2 109.2 billion euros). Prior to that, at the end of 2012, there was a similarly high level of debt at EUR 2,068.3 billion. The public debt had fallen every year since then. As the Federal Statistical Office (Destatis) reports on the basis of preliminary results, public debt rose by 15.6% or 296.4 billion euros at the end of the third quarter of 2020 compared to the end of 2019. The increase is mainly due to the raising of financial resources for measures to deal with the Corona crisis. Compared to the 2nd quarter of 2020, the debt level increased by 4.1% (+85.9 billion euros).

Federal debt grows by 241.5 billion euros

With the exception of social security, all levels of the general public budget were more indebted at the end of the third quarter of 2020 than at the end of 2019. The federal government’s indebtedness rose the most during this period, by 20.3% or 241.5 billion euros 1,430.1 billion euros. Securities debt rose particularly sharply, by 207.4 billion euros.

Countries’ debts rise 9.1%

At the end of the third quarter of 2020, the federal states were in debt with 631.1 billion euros, which corresponds to an increase of 9.1% or 52.4 billion euros compared to the end of 2019. The debt increased in all countries. In percentage terms, it increased the most in Saxony, where the debt level increased from a low level to 2.7 times (+170.9%), followed by Bavaria (+26.5%) and Bremen (+20, 8th %). The states with the highest absolute growth were North Rhine-Westphalia (+16.4 billion euros), Bremen (+6.3 billion euros) and Lower Saxony (+5.0 billion euros).

In most countries, the higher debt was mostly related to the Corona crisis. In Bremen, the increase is primarily due to borrowing to provide cash collateral for derivative transactions.

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Debts of the municipalities and municipal associations increase by 2.5 billion euros

The debt level of the municipalities and municipal associations increased in the 3rd quarter of 2020 compared to the end of 2019 by 1.9% or 2.5 billion euros to 133.9 billion euros and thus only slightly compared to the federal government and the states. However, the development varied from region to region: Debts rose above all in the municipalities and associations of municipalities in Hesse (+ 7.3%), Schleswig-Holstein (+6.6%) and Lower Saxony (+6.2%). In contrast, the debts fell in Saarland (-15.1%), Saxony (-13.7%) and Thuringia (-5.7%) in particular.

The decline in the debt of the Saarland municipalities and municipal associations is largely due to the fact that in the first three quarters of 2020 the “Saarland Pact” managed by the state took over 336.0 million euros of the municipal and municipal associations’ cash loans.

The social security was able to reduce its debt level compared to the end of 2019 by around 5 million euros (-8.8%) to 52 million euros.

Methodological notes:

The debt levels shown in the quarterly debt statistics can differ from the budget debt levels.

The indebtedness of the states also includes the cash collateral received from derivative transactions of the state core budgets (e.g. North Rhine-Westphalia for the third quarter of 2020 in the amount of 957.8 million euros and for the end of 2019 in the amount of 1,361.4 million euros).

The debts of the core budgets of the social security were carried forward on the basis of the results of the annual debt statistics as of December 31, 2019 at 52 million euros.

With the 2010 reporting year, a modified survey procedure was introduced in the debt statistics. On the one hand, since then all reporting units that belong to the government sector according to the regulations of the European Union have been recorded in the debt statistics and other terms and delimitations have been used. For example, credit market debts are replaced by debts in the non-public sector, which also include cash advances in the non-public sector. On the other hand, it is based on a changed area delimitation. Therefore, the results are only partially comparable with the data collected before 2010.

Further methodological information and data, including explanations on deviations between the budgetary representation and the official statistics, can be found in the Fachserie 14 Reihe 5 “Public budget debts”. Reference is made in particular to the Quality report the trade series.

Detailed data can be found in the GENESIS-Online database under the table Debt in the non-public sector (71321-0005) can be accessed.

Debt of the general public budget in the non-public sector 1– preliminary results –
Corporate groups / countries
All in all
Change compared to 06/30/2020
Change compared to December 31, 2019
09/30/2020
06/30/2020
December 31, 20192
in millions of euros
in %
Including extra households Final results Core social security budgets as of December 31, 2019
All in all
2 195 136
2 109 189
1,898,762
+4.1
+15.6
Federation
1,430,060
1,351,533
1 188 581
+5.8
+20.3
countries
631 144
624 885
578 762
+1.0
+9.1
Municipalities / municipal associations
133 880
132 719
131 362
+0.9
+1.9
social insurance 3
52
52
57
-0.0
-8.8
countries
Baden-Württemberg
47 129
44 427
44 134
+6.1
+6.8
Bavaria
16 355
16 886
12 926
-3.1
+26.5
Brandenburg
17 723
17 651
16 644
+0.4
+6.5
Hesse
44 832
44 187
40 475
+1.5
+10.8
Mecklenburg-Western Pomerania
8 529
8 361
7 541
+2.0
+13.1
Lower Saxony
63 172
62 298
58 166
+1.4
+8.6
North Rhine-Westphalia
186 612
187 178
170 187
-0.3
+9.7
Rhineland-Palatinate
31 076
30 023
29 833
+3.5
+4.2
Saarland
14 199
14 534
13 825
-2.3
+2.7
Saxony
3,083
2 158
1 138
+42.9
+170.9
Saxony-Anhalt
21 453
21 863
20 894
-1.9
+2.7
Schleswig-Holstein
31 395
31 311
30 764
+0.3
+2.1
Thuringia
15 931
15 898
14 580
+0.2
+9.3
Berlin
58 040
57 175
53 959
+1.5
+7.6
Bremen
36 257
36 137
30 006
+0.3
+20.8
Hamburg
35 359
34 798
33 691
+1.6
+4.9
Municipalities / municipal associations
Baden-Württemberg
9 123
8 947
8 664
+2.0
+5.3
Bavaria
12 677
13 007
12 792
-2.5
-0.9
Brandenburg
1 635
1,695
1 732
-3.5
-5.6
Hesse
14 271
13 853
13 301
+3.0
+7.3
Mecklenburg-Western Pomerania
1 673
1 683
1 716
-0.6
-2.5
Lower Saxony
13 763
13 251
12,960
+3.9
+6.2
North Rhine-Westphalia
52 727
52 151
51 609
+1.1
+2.2
Rhineland-Palatinate
13 363
13 318
13 105
+0.3
+2.0
Saarland
3 060
3,084
3 603
-0.8
-15.1
Saxony
2 271
2,438
2 631
-6.8
-13.7
Saxony-Anhalt
2,513
2 513
2 598
-0.0
-3.3
Schleswig-Holstein
4 619
4,569
4,334
+1.1
+6.6
Thuringia
2 185
2 209
2,317
-1.1
-5.7

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