German public debt increases by 1.2% on-quarter in second quarter
Germany's public debt increased a notch in the second quarter, data published by the Federal Statistical Office showed Wednesday.
The country's public debt increased by 1.2% on-quarter in the second quarter, or by EUR30.6 billion, to EUR2.554 trillion. The total public budget includes budgets of the federal government, states, municipalities and municipal associations, social security funds and all extra-budgetary funds.
The federal government's debt increased by EUR30.9 billion, 1.8%, in the second quarter. Meanwhile, the debt of the federal states edged down by EUR5.7 billion, or 0.9%, to EUR609.8 billion.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
Sign up for free to ask the AI about this article.
Growth, inflation and rates across the major economies, with the impact on your business.