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Year-on-year decline of 0.8% in public debt at the end of the 4th quarter of 2016

2017-03-28 09:16:14

Press releases - Year-on-year decline of 0.8% in public debt at the end of the 4th quarter of 2016 - Federal Statistical Office (Destatis)

Press release 106 / 2017-03-28: Year-on-year decline of 0.8% in public debt at the end of the 4th quarter of 2016

WIESBADEN - The debt owed by the overall public budget (Federation, Länder, municipalities/associations of municipalities and social security funds, including all extra budgets) to the non-public sector amounted to 2,006.5 billion euros at the end of the fourth quarter of 2016. Based on provisional results, the Federal Statistical Office (Destatis) reports that debt declined by 0.8%, or 16.1 billion euros, from 31 December 2015. A reduction in debt was recorded for all individual levels. Compared with the previous quarter, debt decreased by 1.2%, or 24.9 billion euros. The non-public sector comprises credit institutions and the remaining domestic sector (for instance private businesses) and non-domestic sector.

Publisher: Federal Statistical Office of Germany Press Office Indication of source requested for distribution

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Kategorie: Federal Statistical Office of Germany News
Quelle: www.destatis.de