Public debt down by 0.7% in 2016

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

Headline: Public debt down by 0.7% in 2016

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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 2,005.6 billion euros at the end of 2016. This represents a per capita debt of 24,407 euros in Germany. Based on the final results available, the Federal Statistical Office (Destatis) also reports that debt decreased by 0.7% (15.1 billion euros) compared with the revised results as at 31 December 2015. The non-public sector comprises credit institutions, the remaining domestic sector (for instance private businesses) and the remaining non-domestic sector.

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