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Germans have almost €25,000 of federal debt each

The Local · 27 Sep 2011, 11:25

Published: 27 Sep 2011 11:25 GMT+02:00

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According to the authority's latest report, the total government debt at the end of 2010 was over €2,000 billion, a significant increase on the year before, when Germany had a total debt of just under €1,800 billion.

The federal government is responsible for the biggest share of the burden, with the average federal debt per citizen totalling €16,048, a 25.5 percent increase over 2009.

States add an additional €7,339 to the individual debt calculation, while the municipalities, excluding those in the city-states of Bremen, Hamburg and Berlin, average another €1,628 per person.

But the office warned that the figures could not be directly compared with those of previous years, because calculations for 2010 had been revised to comply with European Union directives.

This meant that debts relating to social security, including those of the Federal Employment Agency and all related budgets, were included for the first time in the statistics.

Story continues below…

DPA/The Local/emh

The Local (news@thelocal.de)

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Your comments about this article

17:25 September 27, 2011 by slawek
How about instead of increasing taxes to allow people to pay for the debt individually. I'd guess at least 10 million Germans could write a cheque over 25.000 EUR right away. Just kidding.
23:18 September 27, 2011 by Englishted
Well here is a new thing a Statistics Office who's statistics you can't trust.
08:54 September 28, 2011 by freechoice
when you see at least one US company have cash reserves exceeding that of US govt cash reserves, you ought to realized there is something seriously wrong with the country's fiscal policies.
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