Public debt down 2.9% at the end of the 1st half of 2017  

By   /  September 21, 2017  /  Comments Off on Public debt down 2.9% at the end of the 1st half of 2017  

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

Headline: Public debt down 2.9% at the end of the 1st half 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 1,977.8 billion euros at the end of the first half of 2017. The non-public sector comprises credit institutions and the remaining domestic sector (for instance private businesses) and non-domestic sector. Based on provisional results, the Federal Statistical Office (Destatis) reports that this was a decrease in debt of 2.9%, or 59.8 billion euros, from the end of the first half of 2016. A reduction in debt was achieved by all individual levels. Compared with the first quarter of 2017, debt decreased by 0.4% or 7.3 billion euros. All individual levels reduced their debt over that period as well.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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