Public debt down 2.3% at the end of the 1st quarter of 2017

By   /  June 29, 2017  /  Comments Off on Public debt down 2.3% at the end of the 1st quarter of 2017

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MIL OSI – Source: Destatis Statistisches Bundesamt – In English –

Headline: Public debt down 2.3% at the end of the 1st quarter of 2017

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 1,986.4 billion euros at the end of the first quarter of 2017. Based on provisional results, the Federal Statistical Office (Destatis) reports that debt declined by 2.3%, or 47.4 billion euros, from 31 March 2016. A reduction in debt was recorded for all individual levels. Compared with the previous quarter, debt decreased by 1.0% or 20.0 billion euros. The non-public sector comprises credit institutions and the remaining domestic sector (for instance private businesses) and non-domestic sector.Basic data and long time series are available in table Debts owed to the non-public sector in the GENESIS-Online database.

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