Government debt in countries and communities: record revenue and … – Tagesspiegel

10:53 clock

Germany than ever takes so much money. Yet countries, communities and local authorities more and more into debt. Even the federal budget, break even is already a bit red.

In spite of tax revenues at record levels of debt of the German state increases. Federal, state and local governments, including all core and extra budgets stood on March 31 with 2060.5 billion euros in debt. These are 1.0 percent or 20.8 billion euros more than a year earlier, the Federal Statistics Office announced on Friday

Hesse, Saxony-Anhalt and Bremen’s debt rise by more than ten percentage points

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The federal debt climbed by 0.8 percent to around 1.292 trillion euros. Although built Finance Minister Wolfgang Schaeuble, the liabilities in the core budget slightly. For this, however, the extra budgets rose by 5.2 percent or 10.1 billion euros. This is mainly due to the account of the bad bank FMS Wertmanagement in the rotten securities and loans of the nationalized during the financial crisis real estate bank Hypo Real Estate are stored. The debt of the country rose by 0.7 percent to 624 billion Euro. While mainly Saxony (minus 19.1 percent) and Baden-Württemberg (minus 10.6) reported declines, there was in Hesse (plus 14.7 percent), Saxony-Anhalt (plus 11.7) and Bremen (plus 10 1) significant increases. The indebtedness of municipalities increased by 4.8 percent to 145 billion Euro. Here was only the municipalities in Thuringia (minus 2.7 percent) and in Saxony-Anhalt (minus 0.1) a reduction.

In sum, the debt fall

According to forecast the Kiel Institute for the World Economy is expected to fall this year to 71.2 percent and 67.8 percent of the 2016 gross domestic product of the government debt. 2014 were still 74.7 percent. The EU directives actually see an upper limit of 60 percent.