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German general government debt up in 2023 by €62 billion to €2.62 trillion, debt ratio down from 66.1% to 63.7%

German general government debt up in 2023 by €62 billion to €2.62 trillion, debt ratio down from 66.1% to 63.7%

Source: Deutsche Bundesbank in English

General government debt in Germany increased by €62 billion in 2023 to €2.62 trillion. The basis for this calculation is government debt as defined in the Maastricht Treaty, which is harmonised across the European Union. The increase was similar to that of the previous year, but significantly weaker than in the years before. Central government debt grew by €75 billion, while state government debt continued to fall.

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