Germany federal debt, borrowing, redemptions and interest, monthly
Everything the German federation owes and pays for it, by instrument: the outstanding volume from the Finanzagentur debt report, the part the federation holds itself and deducts from the amount in circulation, gross borrowing and redemptions during the year, and interest both on a cash basis and as total economic cost that spreads premiums, discounts and inflation compensation over the life of the instrument.
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | 07-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt outstanding8 | ||||||||||||||||||||||||||||||||||||||
| Federal borrowing, special funds and loan financing | 1,884.61 | 1,854.59 | 1,843.11 | 1,810.53 | 1,821.83 | 1,815.15 | 1,810.98 | 1,793.87 | 1,793.1 | 1,772.02 | 1,767.82 | 1,751.3 | 1,753.39 | 1,718.2 | 1,714.79 | 1,692.45 | 1,693.66 | 1,688.33 | 1,704.8 | 1,691.1 | 1,690.91 | 1,667.66 | 1,662.9 | 1,664.66 | 1,661.42 | 1,641.86 | 1,637.38 | 1,641.79 | 1,643.02 | 1,645.95 | 1,645.25 | 1,639.74 | 1,659.55 | 1,644.04 | 1,643.19 | 1,630.77 | 1,626.36 | |
| Federal budget and special funds financing | 1,826.61 | 1,796.59 | 1,785.11 | 1,752.53 | 1,758.43 | 1,750.75 | 1,746.58 | 1,729.47 | 1,727.45 | 1,706.88 | 1,695.28 | 1,677.53 | 1,679.61 | 1,644.42 | 1,639.78 | 1,617.44 | 1,617.15 | 1,610.54 | 1,627.5 | 1,613.8 | 1,607.61 | 1,584.36 | 1,576.7 | 1,574.46 | 1,572.22 | 1,553.66 | 1,548.18 | 1,552.59 | 1,553.22 | 1,555.68 | 1,554.01 | 1,548.53 | 1,567.16 | 1,550.67 | 1,548.58 | 1,530.19 | 1,524.79 | |
| By use9 | ||||||||||||||||||||||||||||||||||||||
| Federal budget | 1,680.62 | 1,655.67 | 1,650.94 | 1,622.2 | 1,635.37 | 1,634.09 | 1,633.28 | 1,621.73 | 1,631.88 | 1,619.05 | 1,621.72 | 1,606.44 | 1,609.52 | 1,576.31 | 1,572.69 | 1,550.71 | 1,551.47 | 1,546.47 | 1,564.17 | 1,551.05 | 1,549.82 | 1,527.83 | 1,521.81 | 1,520.6 | 1,519.44 | 1,502.48 | 1,498.19 | 1,503.88 | 1,505.24 | 1,507.84 | 1,507.48 | 1,430.61 | 1,453.26 | 1,438.11 | 1,441.28 | 1,425.19 | 1,421.41 | |
| Financial Market Stabilisation Fund | 68.38 | 68.38 | 68.33 | 68.49 | 72.89 | 73.86 | 73.86 | 73.87 | 74.56 | 74.56 | 74.57 | 75.13 | 75.13 | 75.03 | 75.78 | 75.88 | 77.31 | 78.06 | 78.06 | 78.06 | 78.02 | 78.02 | 80.77 | 80.97 | 79.97 | 78.88 | 78.88 | 78.95 | 79.48 | 79 | 79 | 78 | 78.79 | 78.79 | 77.12 | 80.12 | 80.12 | |
| Investment and Repayment Fund | 17.37 | 17.37 | 17.33 | 17.33 | 17.33 | 17.29 | 17.29 | 17.29 | 17.25 | 17.25 | 17.25 | 17.1 | 17.1 | 17.01 | 17.01 | 17.01 | 16.95 | 16.95 | 16.95 | 16.95 | 16.91 | 16.91 | 16.78 | 16.78 | 16.78 | 16.71 | 16.71 | 16.71 | 16.67 | 16.67 | 16.67 | 16.67 | 16.64 | 16.64 | 16.5 | 16.5 | 16.5 | |
| Economic Stabilisation Fund | 12.66 | 12.66 | 12.65 | 12.66 | 13.66 | 13.66 | 13.66 | 13.66 | 14.16 | 13.65 | 21.05 | 21.48 | 21.48 | 21.53 | 21.99 | 21.99 | 22.02 | 22.52 | 22.03 | 22.06 | 28.06 | 28.06 | 28.06 | 32.53 | 32.55 | 32.56 | 33.48 | 33.53 | 33.56 | 34.96 | 35.94 | 108.66 | 107.06 | 107.04 | 105.07 | 106.85 | 106.84 | |
| Special Fund for the Federal Armed Forces | 53.1 | 51.56 | 49.54 | 48.58 | 47.39 | 44.16 | 43.63 | 43 | 36.31 | 34.73 | 33.23 | 31.15 | 30.16 | 28.3 | 27.32 | 26.86 | 25.91 | 24.33 | 23.59 | 22.98 | 18.1 | 16.84 | 15.49 | 13.79 | 12.69 | 11.23 | 10.11 | 8.71 | 8.06 | 7.48 | 6.17 | 5.81 | 3.81 | 3.46 | 3.21 | 2.11 | 1.49 | |
| Special Fund for Infrastructure and Climate Neutrality | 52.48 | 48.95 | 44.32 | 41.27 | 35.18 | 32.09 | 29.25 | 24.31 | 18.94 | 12.79 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Federal Railway Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ERP Special Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| German Unity Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| By remaining maturity3 | ||||||||||||||||||||||||||||||||||||||
| Up to one year | 281.82 | 269.93 | 269.35 | 268.62 | 288.38 | 293.17 | 293.32 | 304.67 | 291.3 | 284.29 | 286.49 | 280.9 | 277.26 | 274.31 | 274.77 | 277.54 | 259.8 | 262.59 | 265.2 | 276.39 | 268.07 | 261.44 | 251.7 | 258.35 | 249.68 | 252.12 | 255.8 | 280.3 | 287.51 | 296.24 | 298.2 | 309.57 | 321.66 | 324.31 | 323.2 | 319.98 | 318.14 | |
| Over one year and up to four years | 529.63 | 535.69 | 542.12 | 535.25 | 498.87 | 509.2 | 504.8 | 484.04 | 496.86 | 469.46 | 465.47 | 474.4 | 472.09 | 467.01 | 474.22 | 469.96 | 479.37 | 491.66 | 491.3 | 483.83 | 495.57 | 465.67 | 463.91 | 470.53 | 469.67 | 452.68 | 459.89 | 455.68 | 445.72 | 456.36 | 449.97 | 429.02 | 440.11 | 413.94 | 401.81 | 412.29 | 397.75 | |
| Over four years | 1,073.16 | 1,048.96 | 1,031.65 | 1,006.66 | 1,034.58 | 1,012.78 | 1,012.86 | 1,005.16 | 1,004.95 | 1,018.27 | 1,015.85 | 996 | 1,004.04 | 976.88 | 965.8 | 944.95 | 954.49 | 934.08 | 948.3 | 930.87 | 927.26 | 940.56 | 947.29 | 935.78 | 942.08 | 937.06 | 921.7 | 905.81 | 909.79 | 893.35 | 897.08 | 901.15 | 897.78 | 905.79 | 918.18 | 898.51 | 910.47 | |
| Cash-advance borrowing and cash investments | -21.33 | -5.22 | 3.81 | 29.53 | -1.04 | 0.36 | -7.45 | -11.51 | -26.72 | -18.19 | -26.18 | -15.38 | -30.56 | -11.47 | 1.02 | 13.54 | 2.98 | 12.5 | -11.71 | -4.98 | 5.48 | 16.71 | 12.79 | 19.56 | 7.95 | 14.23 | 22.33 | 6.65 | -1.97 | -3.62 | -7.18 | -19.5 | -39.09 | -36.16 | -48.93 | -25.46 | -37.03 | |
| Budget and cash-advance borrowing less cash investments | 1,863.28 | 1,849.36 | 1,846.92 | 1,840.06 | 1,820.79 | 1,815.51 | 1,803.53 | 1,782.36 | 1,766.38 | 1,753.83 | 1,741.64 | 1,735.92 | 1,722.82 | 1,706.73 | 1,715.81 | 1,705.99 | 1,696.63 | 1,700.82 | 1,693.08 | 1,686.11 | 1,696.38 | 1,684.38 | 1,675.69 | 1,684.23 | 1,669.37 | 1,656.09 | 1,659.72 | 1,648.45 | 1,641.05 | 1,642.33 | 1,638.07 | 1,620.24 | 1,620.46 | 1,607.88 | 1,594.27 | 1,605.31 | 1,589.33 | |
| Liabilities from indexation of inflation-linked federal securities | 13.69 | 13.63 | 13.06 | 12.35 | 16.9 | 17.35 | 17.23 | 17.45 | 17.29 | 17.22 | 17.11 | 17.09 | 16.87 | 16.89 | 16.48 | 15.98 | 15.67 | 15.91 | 15.67 | 15.93 | 15.73 | 15.79 | 15.64 | 15.68 | 15.55 | 15.39 | 14.99 | 14.42 | 14.05 | 14.34 | 14.27 | 14.69 | 14.63 | 14.35 | 13.86 | 13.83 | 13.68 | |
| Reserve under the Final Payment Financing Act | 12.16 | 12.16 | 12.18 | 12.17 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 15.62 | 13.57 | 13.57 | 13.57 | 13.57 | 13.57 | 13.57 | 13.46 | 13.36 | 13.36 | |
| Own holdings1 | ||||||||||||||||||||||||||||||||||||||
| Own holdings, total5 | 210.06 | 204.58 | 208.05 | 203.65 | 204.6 | 198.78 | 202.5 | 196.61 | 199.82 | 198.21 | 201.64 | 204.43 | 207.09 | 208.08 | 211.17 | 211.17 | 208.17 | 206.22 | 204.93 | 201.72 | 201.21 | 203.07 | 201.39 | 200.07 | 200.74 | 198.62 | 200.76 | 200.26 | 197.97 | 200.21 | 195.64 | 206.41 | 203.45 | 195.62 | 196.01 | 194.15 | 191.59 | |
| Conventional federal securities7 | 199.56 | 194.44 | 198.16 | 193.53 | 193.06 | 188.45 | 191.31 | 185.4 | 188.5 | 186.42 | 188.64 | 190.83 | 192.98 | 193.94 | 196.75 | 197.38 | 195.18 | 193.02 | 191.45 | 188.59 | 188.47 | 189.8 | 188.11 | 188.38 | 189.34 | 188.67 | 191.7 | 191.95 | 189.85 | 192.24 | 188.1 | 198.84 | 195.78 | 187.86 | 188.29 | 186.6 | 184.02 | |
| 30-year Federal bonds | 53.38 | 53.59 | 52.94 | 53.1 | 52.6 | 53.31 | 53 | 52.22 | 52.38 | 51.84 | 51.6 | 51.68 | 52.06 | 52.62 | 53.22 | 52.37 | 52.47 | 51.37 | 51.08 | 50.65 | 50.92 | 50.31 | 49.99 | 50.03 | 50 | 50.32 | 50.39 | 50.17 | 50.11 | 49.62 | 48.66 | 51.21 | 51.19 | 49.95 | 49.97 | 49.91 | 50.04 | |
| 15- and 20-year Federal bonds | 9.26 | 8.5 | 8.95 | 8.24 | 9.08 | 7.47 | 7.3 | 7.3 | 7.37 | 7.34 | 7.44 | 7.69 | 8.4 | 8.48 | 8.38 | 8.3 | 8.2 | 7.63 | 7.53 | 7.14 | 7.11 | 6.99 | 6.85 | 6.81 | 6.62 | 6.51 | 6.72 | 6.29 | 5.83 | 5.83 | 5.75 | 5.39 | 5.45 | 5.42 | 5.03 | 5.08 | 4.8 | |
| 10-year Federal bonds | 54.02 | 53.42 | 54.51 | 53.84 | 54.87 | 55.37 | 57.98 | 56.72 | 57.25 | 57.03 | 56.78 | 57.67 | 59.79 | 61.62 | 62.97 | 64.24 | 61.94 | 61.82 | 61.56 | 61.41 | 62.04 | 63.12 | 63.03 | 63.94 | 64.71 | 64.58 | 66.06 | 68.18 | 67.2 | 67.77 | 69.61 | 69.55 | 69.5 | 68.95 | 69.34 | 68.76 | 70.03 | |
| 7-year Federal bonds | 10.13 | 9.74 | 10.27 | 10.17 | 9.25 | 9.37 | 8.82 | 8.92 | 8.6 | 9.01 | 8.87 | 8.22 | 7.2 | 7.22 | 7.6 | 7.75 | 7.88 | 8.27 | 8.62 | 8.66 | 8.78 | 8.91 | 8.98 | 8.68 | 8.36 | 8.48 | 7.9 | 8.11 | 7.92 | 8.29 | 7.88 | 7.99 | 8.09 | 7.77 | 7.23 | 7.39 | 6.84 | |
| Federal notes | 40.39 | 39.68 | 39.45 | 38.96 | 39.5 | 36.85 | 36.42 | 35.27 | 35.64 | 35.16 | 39.36 | 39.44 | 40.39 | 39.22 | 39.23 | 38.87 | 40.11 | 38.38 | 37.44 | 37.33 | 37.38 | 37.34 | 36.01 | 37.95 | 38.32 | 39.09 | 40.16 | 39.69 | 40.87 | 40.01 | 39.47 | 38.72 | 38.82 | 38.37 | 39.66 | 37.79 | 36.63 | |
| Federal Treasury notes | 23.89 | 23.11 | 25.01 | 24.43 | 23.19 | 26.04 | 26.89 | 24.54 | 26.35 | 24.46 | 24.02 | 23.47 | 23.56 | 22.73 | 24.03 | 24.19 | 22.68 | 24.23 | 24.91 | 22.67 | 21.31 | 21.01 | 19.94 | 18.54 | 18.32 | 17.76 | 18.41 | 17.38 | 15.98 | 17.49 | 15.72 | 16.82 | 15.22 | 14.53 | 14.25 | 14.96 | 14.48 | |
| Treasury discount paper | 8.49 | 6.4 | 7.03 | 4.78 | 4.57 | 0.05 | 0.9 | 0.44 | 0.92 | 1.58 | 0.58 | 2.67 | 1.59 | 2.05 | 1.32 | 1.66 | 1.91 | 1.32 | 0.3 | 0.74 | 0.92 | 2.13 | 3.31 | 2.42 | 3.01 | 1.93 | 2.07 | 2.12 | 1.94 | 3.24 | 1.01 | 9.16 | 7.51 | 2.87 | 2.81 | 2.72 | 1.21 | |
| Inflation-linked federal securities | 4.19 | 4.18 | 4.12 | 4.14 | 6.43 | 6.41 | 6.42 | 6.42 | 6.42 | 6.41 | 6.41 | 6.42 | 6.42 | 6.44 | 6.36 | 6.5 | 6.52 | 6.45 | 6.39 | 6.31 | 6.15 | 6.19 | 6.38 | 6.33 | 6.32 | 6.28 | 6.13 | 6.14 | 5.94 | 5.95 | 5.8 | 5.78 | 5.74 | 5.83 | 5.73 | 5.63 | 5.55 | |
| Green federal securities | 6.31 | 5.97 | 5.77 | 5.98 | 5.11 | 3.92 | 4.77 | 4.78 | 4.9 | 5.38 | 6.59 | 7.18 | 7.69 | 7.7 | 8.05 | 7.29 | 6.46 | 6.76 | 7.09 | 6.82 | 6.59 | 7.08 | 6.9 | 5.36 | 5.07 | 3.68 | 2.92 | 2.17 | 2.18 | 2.02 | 1.74 | 1.79 | 1.93 | 1.92 | 1.99 | 1.92 | 2.02 | |
| Other federal securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| WSF investment in claims on the Federal Government | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 136.94 | 136.94 | 140.15 | 140.15 | 140.15 | |
| Gross borrowing1 | ||||||||||||||||||||||||||||||||||||||
| Total federal gross borrowing, special funds and loan financing5 | 298.46 | 255.12 | 213.67 | 170.07 | 127.09 | 92.4 | 43.01 | 428.8 | 403.23 | 371.85 | 326.13 | 283.69 | 246.09 | 201.16 | 170.52 | 135.13 | 99.92 | 66.11 | 38.1 | 423.66 | 406.31 | 370.52 | 330.86 | 300.14 | 258.98 | 224.97 | 187.51 | 152.16 | 112.47 | 78.73 | 36.82 | 501.48 | 490.6 | 459.88 | 426.1 | 384.18 | 344.36 | |
| Federal budget and special funds gross borrowing | 294.96 | 252.62 | 211.17 | 167.57 | 125.59 | 92.4 | 43.01 | 420.84 | 395.28 | 364.89 | 323.17 | 280.73 | 243.13 | 198.2 | 167.57 | 132.17 | 97.96 | 65.62 | 38.1 | 412.66 | 395.31 | 359.52 | 321.86 | 291.64 | 251.48 | 218.47 | 181.01 | 145.66 | 110.47 | 77.73 | 35.82 | 488.61 | 477.73 | 447.01 | 414.73 | 372.81 | 332.99 | |
| By use9 | ||||||||||||||||||||||||||||||||||||||
| Federal budget | 240.27 | 203 | 176.93 | 137.18 | 102.48 | 83.47 | 37.45 | 357.66 | 348.36 | 325.71 | 298.27 | 263.07 | 226.46 | 183.51 | 157.97 | 122.94 | 89.78 | 64.3 | 37.51 | 381.84 | 372.96 | 338.42 | 302.41 | 277.44 | 238.36 | 206.95 | 174.01 | 139.94 | 105.48 | 76.07 | 35.46 | 404.08 | 406.9 | 377.53 | 350.51 | 319.76 | 281.56 | |
| Financial Market Stabilisation Fund | 4.18 | 4.19 | 3.22 | 3.38 | 2.38 | -0 | -0 | 6.14 | 5.28 | 5.28 | 5.28 | 3.71 | 3.71 | 3.61 | 2.52 | 2.62 | 1.55 | -0 | -0 | 15.95 | 14.8 | 14.8 | 12.65 | 11.2 | 10.2 | 9.12 | 7.76 | 7.83 | 3.26 | 1 | 1 | 12.09 | 11.78 | 11.78 | 10.12 | 8.86 | 8.86 | |
| Investment and Repayment Fund | 2.06 | 2.06 | 1.22 | 1.22 | 1.22 | -0 | 0 | 4 | 3.32 | 3.32 | 3.32 | 1.79 | 1.79 | 1.7 | 1.02 | 1.02 | 0.95 | 0 | 0 | 4.37 | 3.45 | 3.45 | 3.32 | 2.03 | 2.03 | 1.96 | 0.82 | 0.82 | 0.78 | 0 | 0 | 4.53 | 3.64 | 3.64 | 3.51 | 2.43 | 2.43 | |
| Economic Stabilisation Fund | 1 | 0 | -0.01 | 0 | 0 | -0 | -0 | 6.96 | 6.96 | 5.96 | 1.96 | 1.9 | 1.9 | 1.96 | 1.93 | 1.93 | 1.96 | 0.46 | -0.03 | 0 | -0 | -0 | 0 | -0.03 | -0.01 | 0 | -0.08 | -0.03 | 0 | -0.01 | -0 | 74.57 | 64.3 | 63.31 | 58.59 | 50.99 | 49.98 | |
| Special Fund for the Federal Armed Forces | 16.85 | 15.31 | 9.75 | 8.78 | 7.59 | 1.16 | 0.63 | 29.72 | 20.37 | 18.79 | 17.29 | 13.22 | 12.23 | 10.37 | 7.08 | 6.63 | 5.68 | 1.36 | 0.62 | 21.5 | 15.09 | 13.83 | 12.48 | 9.5 | 8.4 | 6.94 | 4.99 | 3.59 | 2.94 | 1.67 | 0.36 | 6.21 | 3.98 | 3.62 | 3.38 | 2.15 | 1.54 | |
| Special Fund for Infrastructure and Climate Neutrality | 34.1 | 30.56 | 22.55 | 19.51 | 13.42 | 7.77 | 4.94 | 24.31 | 18.94 | 12.79 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Federal Railway Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ERP Special Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| German Unity Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| By remaining maturity3 | ||||||||||||||||||||||||||||||||||||||
| Up to one year | 92.53 | 79.7 | 64.12 | 52.38 | 38.19 | 30.22 | 14.55 | 163.76 | 138.24 | 120.94 | 105.15 | 89.82 | 77.6 | 64.91 | 53.67 | 43.4 | 32.53 | 23.01 | 13.2 | 178.42 | 164.56 | 145.42 | 127.45 | 117.21 | 99.6 | 87.64 | 73.74 | 58.48 | 44.66 | 32.06 | 19.94 | 214.24 | 204.95 | 192.4 | 177.75 | 160 | 142.4 | |
| Over one year and up to four years | 52.93 | 46.69 | 38.14 | 31.27 | 21.94 | 17.01 | 9.62 | 66.47 | 67.08 | 62.64 | 56.07 | 48.86 | 42.46 | 37.44 | 29.12 | 24.9 | 16 | 12.12 | 7.47 | 63.98 | 64.56 | 59.34 | 56.92 | 48 | 43.45 | 39.08 | 30.88 | 26.68 | 18.56 | 13.87 | 5.34 | 83.94 | 85.71 | 80.39 | 72.85 | 68.36 | 60.6 | |
| Over four years | 153 | 128.72 | 111.41 | 86.42 | 66.97 | 45.16 | 18.85 | 198.56 | 197.91 | 188.27 | 164.91 | 145.01 | 126.02 | 98.81 | 87.73 | 66.83 | 51.39 | 30.98 | 17.43 | 181.25 | 177.2 | 165.75 | 146.49 | 134.93 | 115.94 | 98.25 | 82.88 | 67 | 49.25 | 32.8 | 11.53 | 203.3 | 199.93 | 187.09 | 175.5 | 155.82 | 141.36 | |
| Cash-advance borrowing and cash investments | -1,383.36 | -1,165.38 | -1,004.05 | -851.94 | -619.87 | -376.99 | -144.49 | -1,416.53 | -1,256.81 | -1,122.05 | -1,019.1 | -890.37 | -788.44 | -729.29 | -548.43 | -505.27 | -457.92 | -278.04 | -124.77 | -1,043.41 | -885.34 | -779.71 | -557.15 | -392.25 | -295.19 | -218.56 | -129.25 | -140.09 | -139.92 | -74.44 | -34.54 | -985.47 | -884.36 | -741.05 | -481.24 | -200.31 | -77.17 | |
| Budget and cash-advance borrowing less cash investments | -1,084.9 | -910.26 | -790.39 | -681.87 | -492.78 | -284.6 | -101.48 | -987.73 | -853.57 | -750.2 | -692.97 | -606.68 | -542.35 | -528.13 | -377.9 | -370.14 | -358 | -211.93 | -86.67 | -619.76 | -479.04 | -409.19 | -226.28 | -92.11 | -36.2 | 6.41 | 58.26 | 12.07 | -27.45 | 4.29 | 2.28 | -483.99 | -393.76 | -281.17 | -55.14 | 183.87 | 267.2 | |
| Redemptions1 | ||||||||||||||||||||||||||||||||||||||
| Total federal debt redemptions, special funds and loan financing5 | -207.72 | -194.4 | -164.42 | -153.41 | -99.13 | -71.11 | -25.9 | -326.03 | -301.23 | -290.93 | -249.41 | -223.48 | -183.8 | -174.06 | -146.83 | -133.78 | -97.36 | -68.88 | -24.39 | -372.3 | -355.14 | -342.6 | -307.71 | -275.22 | -237.3 | -222.85 | -189.87 | -150.11 | -109.2 | -72.52 | -31.31 | -413.46 | -382.77 | -367.56 | -334.63 | -305.13 | -269.72 | |
| Federal budget and special funds debt redemptions | -197.82 | -185.5 | -155.52 | -144.51 | -96.63 | -71.11 | -25.9 | -305.17 | -281.62 | -271.81 | -241.69 | -217 | -177.31 | -167.57 | -141.58 | -128.53 | -94.61 | -68.88 | -24.39 | -347.39 | -336.23 | -323.68 | -293.69 | -265.7 | -227.78 | -213.33 | -181.35 | -141.59 | -105.78 | -70.58 | -30.34 | -382.07 | -352.56 | -338.33 | -308.14 | -284.61 | -250.2 | |
| By use9 | ||||||||||||||||||||||||||||||||||||||
| Federal budget | -181.38 | -169.06 | -147.73 | -136.71 | -88.84 | -71.11 | -25.9 | -286.98 | -267.53 | -257.71 | -227.6 | -207.67 | -167.99 | -158.25 | -136.34 | -123.28 | -89.36 | -68.88 | -24.39 | -333.14 | -325.49 | -312.94 | -282.95 | -259.19 | -221.28 | -206.82 | -178.16 | -138.41 | -102.59 | -70.58 | -30.34 | -343.98 | -324.14 | -309.91 | -279.73 | -265.07 | -230.66 | |
| Financial Market Stabilisation Fund | -9.67 | -9.67 | -8.76 | -8.76 | -3.36 | 0 | 0 | -10.33 | -8.78 | -8.78 | -8.78 | -6.64 | -6.64 | -6.64 | -4.8 | -4.8 | -2.3 | 0 | 0 | -15.89 | -14.78 | -14.78 | -9.88 | -8.24 | -8.24 | -8.24 | -6.88 | -6.88 | -1.78 | 0 | 0 | -16.42 | -15.32 | -15.32 | -15.32 | -11.06 | -11.06 | |
| Investment and Repayment Fund | -1.99 | -1.99 | -1.18 | -1.18 | -1.18 | 0 | 0 | -3.66 | -3.03 | -3.03 | -3.03 | -1.64 | -1.64 | -1.64 | -0.95 | -0.95 | -0.95 | 0 | 0 | -4.1 | -3.22 | -3.22 | -3.22 | -1.92 | -1.92 | -1.92 | -0.78 | -0.78 | -0.78 | 0 | 0 | -4.14 | -3.29 | -3.29 | -3.29 | -2.2 | -2.2 | |
| Economic Stabilisation Fund | -2 | -1 | -1 | -1 | 0 | 0 | 0 | -15.36 | -14.86 | -14.37 | -2.97 | -2.48 | -2.48 | -2.48 | -2 | -2 | -2 | 0 | 0 | -14.85 | -8.85 | -8.85 | -8.85 | -4.35 | -4.35 | -4.35 | -3.35 | -3.35 | -3.35 | -1.94 | -0.97 | -48.52 | -39.85 | -38.88 | -36.13 | -26.75 | -25.76 | |
| Special Fund for the Federal Armed Forces | -6.75 | -6.75 | -3.2 | -3.2 | -3.2 | 0 | 0 | -9.7 | -7.04 | -7.04 | -7.04 | -5.05 | -5.05 | -5.05 | -2.74 | -2.74 | -2.74 | 0 | 0 | -4.33 | -2.8 | -2.8 | -2.8 | -1.52 | -1.52 | -1.52 | -0.69 | -0.69 | -0.69 | 0 | 0 | -0.4 | -0.16 | -0.16 | -0.16 | -0.04 | -0.04 | |
| Special Fund for Infrastructure and Climate Neutrality | -5.92 | -5.92 | -2.55 | -2.55 | -2.55 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Federal Railway Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ERP Special Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| German Unity Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| By remaining maturity3 | ||||||||||||||||||||||||||||||||||||||
| Up to one year | -207.72 | -194.4 | -164.42 | -153.41 | -99.13 | -71.11 | -25.9 | -325.58 | -301.23 | -290.93 | -249.41 | -223.48 | -183.8 | -174.06 | -146.83 | -133.78 | -97.36 | -68.88 | -24.39 | -371.86 | -355.14 | -342.6 | -307.71 | -275.22 | -237.3 | -222.85 | -189.87 | -150.11 | -109.2 | -72.52 | -31.31 | -413.46 | -382.77 | -367.56 | -334.63 | -305.13 | -269.72 | |
| Over one year and up to four years | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Over four years | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash-advance borrowing and cash investments | 1,373.54 | 1,171.66 | 1,019.37 | 892.98 | 630.35 | 388.86 | 148.55 | 1,410 | 1,235.06 | 1,108.84 | 997.9 | 879.97 | 762.86 | 722.8 | 554.43 | 523.78 | 465.87 | 295.52 | 118.04 | 1,057.93 | 910.32 | 815.92 | 589.44 | 431.32 | 322.64 | 252.29 | 171.09 | 166.25 | 157.45 | 90.32 | 46.86 | 993.98 | 873.28 | 732.9 | 460.33 | 202.86 | 68.15 | |
| Budget and cash-advance borrowing less cash investments | 1,165.82 | 977.27 | 854.95 | 739.57 | 531.21 | 317.75 | 122.65 | 1,083.98 | 933.84 | 817.91 | 748.5 | 656.49 | 579.06 | 548.75 | 407.6 | 390.01 | 368.52 | 226.63 | 93.64 | 685.63 | 555.18 | 473.33 | 281.74 | 156.1 | 85.34 | 29.44 | -18.78 | 16.14 | 48.26 | 17.8 | 15.55 | 580.52 | 490.51 | 365.34 | 125.7 | -102.27 | -201.58 | |
| Interest expenditure, cash basis1 | ||||||||||||||||||||||||||||||||||||||
| Total federal interest expenditure, special funds and loan financing5 | -24.05 | -17.08 | -15.62 | -13.61 | -10.55 | -8.39 | -4.45 | -40.42 | -39.33 | -37.52 | -34.57 | -31.96 | -25.29 | -18.62 | -16.84 | -14.82 | -10.67 | -8.17 | -4.49 | -33.7 | -32.83 | -31.04 | -29.66 | -28.57 | -24.07 | -17.06 | -15.18 | -13.77 | -9.83 | -8.22 | -5.24 | -40.21 | -39.66 | -37.7 | -35.33 | -33.57 | -28.83 | |
| Federal budget and special funds financing | -23.8 | -16.86 | -15.4 | -13.4 | -10.38 | -8.3 | -4.45 | -39.77 | -38.72 | -36.94 | -34.13 | -31.61 | -24.99 | -18.32 | -16.58 | -14.56 | -10.46 | -8.08 | -4.49 | -33.24 | -32.53 | -30.73 | -29.32 | -28.27 | -23.8 | -16.79 | -14.94 | -13.52 | -9.62 | -8.11 | -5.21 | -39.86 | -39.47 | -37.54 | -35.28 | -33.57 | -28.83 | |
| By use10 | ||||||||||||||||||||||||||||||||||||||
| Federal budget including Infrastructure and Climate Neutrality Fund | -23.04 | -16.09 | -15.05 | -13.04 | -10.03 | -8.3 | -4.45 | -37.79 | -37.2 | -35.42 | -32.61 | -30.77 | -24.15 | -17.49 | -16.15 | -14.13 | -10.03 | -8.08 | -4.49 | -32.27 | -31.74 | -29.94 | -28.54 | -27.86 | -23.39 | -16.38 | -14.77 | -13.35 | -9.45 | -8.11 | -5.21 | -36.29 | -36.92 | -34.99 | -32.73 | -31.91 | -27.17 | |
| Federal budget | -22.26 | -15.32 | -14.76 | -12.76 | -9.75 | -8.3 | -4.45 | -37.79 | -37.2 | -35.42 | -32.61 | -30.77 | -24.15 | -17.49 | -16.15 | -14.13 | -10.03 | -8.08 | -4.49 | -32.27 | -31.74 | -29.94 | -28.54 | -27.86 | -23.39 | -16.38 | -14.77 | -13.35 | -9.45 | -8.11 | -5.21 | -36.29 | -36.92 | -34.99 | -32.73 | -31.91 | -27.17 | |
| Special Fund for Infrastructure and Climate Neutrality | -0.78 | -0.78 | -0.28 | -0.28 | -0.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Financial Market Stabilisation Fund | -0.33 | -0.33 | -0.27 | -0.27 | -0.22 | -0.09 | 0 | -0.91 | -0.83 | -0.83 | -0.76 | -0.51 | -0.46 | -0.46 | -0.33 | -0.33 | -0.28 | -0.09 | 0 | -0.52 | -0.45 | -0.45 | -0.5 | -0.33 | -0.3 | -0.3 | -0.18 | -0.18 | -0.14 | -0.05 | -0 | -0.59 | -0.55 | -0.55 | -0.54 | -0.36 | -0.36 | |
| Investment and Repayment Fund | -0.08 | -0.08 | -0.04 | -0.04 | -0.04 | 0 | 0 | -0.35 | -0.3 | -0.3 | -0.3 | -0.15 | -0.15 | -0.15 | -0.07 | -0.07 | -0.07 | 0 | 0 | -0.3 | -0.25 | -0.25 | -0.25 | -0.13 | -0.13 | -0.13 | -0.04 | -0.04 | -0.04 | 0 | 0 | -0.41 | -0.36 | -0.36 | -0.36 | -0.22 | -0.22 | |
| Economic Stabilisation Fund | -0.03 | 0 | 0 | 0 | 0 | 0 | 0 | -0.18 | -0.18 | -0.15 | -0.06 | -0.05 | -0.05 | -0.05 | -0.03 | -0.03 | -0.03 | 0 | 0 | -0.32 | -0.19 | -0.19 | -0.16 | -0.14 | -0.14 | -0.14 | -0.14 | -0.14 | -0.14 | -0.06 | -0.03 | -2.73 | -1.73 | -1.7 | -1.62 | -1.05 | -1.04 | |
| Special Fund for the Federal Armed Forces | -0.58 | -0.58 | -0.26 | -0.26 | -0.26 | 0 | 0 | -1.19 | -0.83 | -0.83 | -0.83 | -0.48 | -0.48 | -0.48 | -0.26 | -0.26 | -0.26 | 0 | 0 | -0.29 | -0.2 | -0.2 | -0.2 | -0.11 | -0.11 | -0.11 | -0.06 | -0.06 | -0.06 | 0 | 0 | -0.19 | -0.1 | -0.1 | -0.1 | -0.03 | -0.03 | |
| Federal Railway Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ERP Special Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| German Unity Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| By remaining maturity3 | ||||||||||||||||||||||||||||||||||||||
| Up to one year | -3.68 | -2.68 | -1.68 | -1.49 | -1.52 | -0.63 | -0.2 | -9.83 | -8.85 | -8.38 | -7.96 | -6.52 | -5.84 | -5.45 | -4.09 | -3.67 | -2.58 | -1.33 | -0.59 | -8.56 | -7.75 | -7.54 | -7.26 | -6.16 | -5.29 | -4.85 | -3.88 | -3.14 | -2.69 | -1.89 | -0.91 | -5.03 | -4.41 | -4.16 | -3.91 | -3.7 | -3.05 | |
| Over one year and up to four years | -4.48 | -3.83 | -3.85 | -3.79 | -1.83 | -1.81 | -1.57 | -6.19 | -6.21 | -5.72 | -4.01 | -4.01 | -3.72 | -2.28 | -2.27 | -2.27 | -1.22 | -1.21 | -0.88 | -5.5 | -5.41 | -5.4 | -4.25 | -4.32 | -4.1 | -2.66 | -2.61 | -2.58 | -1.29 | -1.24 | -0.82 | -5.62 | -5.67 | -5.59 | -5.03 | -5.07 | -4.35 | |
| Over four years | -15.9 | -10.57 | -10.08 | -8.33 | -7.21 | -5.96 | -2.68 | -24.4 | -24.27 | -23.42 | -22.6 | -21.44 | -15.73 | -10.89 | -10.48 | -8.89 | -6.88 | -5.64 | -3.02 | -19.64 | -19.67 | -18.09 | -18.14 | -18.09 | -14.68 | -9.54 | -8.69 | -8.04 | -5.84 | -5.09 | -3.51 | -29.56 | -29.57 | -27.95 | -26.39 | -24.8 | -21.43 | |
| Cash-advance borrowing and cash investments | 0.14 | 0.1 | 0.1 | 0.14 | 0.11 | 0.08 | 0.03 | 0.21 | 0.15 | 0.18 | 0.14 | 0.08 | 0.04 | 0.03 | -0.01 | 0.02 | 0.03 | 0.03 | 0.01 | 0.2 | 0.44 | 0.45 | 0.41 | 0.34 | 0.35 | 0.32 | 0.32 | 0.33 | 0.22 | 0.09 | -0.01 | 0.78 | 0.64 | 0.51 | 0.38 | 0.24 | 0.14 | |
| Budget and cash-advance borrowing less cash investments | -23.92 | -16.98 | -15.51 | -13.48 | -10.44 | -8.31 | -4.42 | -40.21 | -39.18 | -37.35 | -34.43 | -31.88 | -25.25 | -18.6 | -16.85 | -14.8 | -10.65 | -8.14 | -4.47 | -33.5 | -32.39 | -30.59 | -29.25 | -28.23 | -23.72 | -16.74 | -14.86 | -13.43 | -9.61 | -8.13 | -5.24 | -39.43 | -39.02 | -37.19 | -34.95 | -33.33 | -28.69 | |
| Interest expenditure, economic cost1 | ||||||||||||||||||||||||||||||||||||||
| Total federal interest expenditure, special funds and loan financing5 | -17.01 | -11.25 | -10.32 | -9.39 | -7.77 | -6.86 | -3.81 | -30.43 | -29.46 | -28.19 | -26.35 | -25.15 | -19.69 | -14.03 | -12.75 | -11.95 | -8.33 | -7.02 | -4.27 | -33.7 | -32.83 | -31.04 | -29.66 | -28.57 | -24.07 | -17.06 | -15.18 | -13.77 | -9.83 | -8.22 | -5.24 | -40.21 | -39.66 | -37.7 | -35.33 | -33.57 | -28.83 | |
| Federal budget and special funds financing | -16.77 | -11.03 | -10.1 | -9.17 | -7.61 | -6.77 | -3.81 | -29.85 | -28.93 | -27.66 | -25.91 | -24.78 | -19.38 | -13.73 | -12.46 | -11.66 | -8.09 | -6.93 | -4.27 | -33.24 | -32.53 | -30.73 | -29.32 | -28.27 | -23.8 | -16.79 | -14.94 | -13.52 | -9.62 | -8.11 | -5.21 | -39.86 | -39.47 | -37.54 | -35.28 | -33.57 | -28.83 | |
| By use10 | ||||||||||||||||||||||||||||||||||||||
| Federal budget including Infrastructure and Climate Neutrality Fund | -16.3 | -10.56 | -9.88 | -8.95 | -7.39 | -6.77 | -3.81 | -28.54 | -27.89 | -26.63 | -24.88 | -24.26 | -18.86 | -13.2 | -12.22 | -11.42 | -7.85 | -6.93 | -4.27 | -32.27 | -31.74 | -29.94 | -28.54 | -27.86 | -23.39 | -16.38 | -14.77 | -13.35 | -9.45 | -8.11 | -5.21 | -36.29 | -36.92 | -34.99 | -32.73 | -31.91 | -27.17 | |
| Federal budget | -16.24 | -10.49 | -9.87 | -8.94 | -7.38 | -6.77 | -3.81 | -28.54 | -27.89 | -26.63 | -24.88 | -24.26 | -18.86 | -13.2 | -12.22 | -11.42 | -7.85 | -6.93 | -4.27 | -32.27 | -31.74 | -29.94 | -28.54 | -27.86 | -23.39 | -16.38 | -14.77 | -13.35 | -9.45 | -8.11 | -5.21 | -36.29 | -36.92 | -34.99 | -32.73 | -31.91 | -27.17 | |
| Special Fund for Infrastructure and Climate Neutrality | -0.06 | -0.06 | -0.01 | -0.01 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Financial Market Stabilisation Fund | -0.32 | -0.32 | -0.26 | -0.26 | -0.22 | -0.09 | 0 | -0.83 | -0.75 | -0.75 | -0.69 | -0.46 | -0.4 | -0.4 | -0.3 | -0.3 | -0.24 | -0.09 | 0 | -0.52 | -0.45 | -0.45 | -0.5 | -0.33 | -0.3 | -0.3 | -0.18 | -0.18 | -0.14 | -0.05 | -0 | -0.59 | -0.55 | -0.55 | -0.54 | -0.36 | -0.36 | |
| Investment and Repayment Fund | -0.07 | -0.07 | -0.04 | -0.04 | -0.04 | 0 | 0 | -0.29 | -0.25 | -0.25 | -0.25 | -0.12 | -0.12 | -0.12 | -0.05 | -0.05 | -0.05 | 0 | 0 | -0.3 | -0.25 | -0.25 | -0.25 | -0.13 | -0.13 | -0.13 | -0.04 | -0.04 | -0.04 | 0 | 0 | -0.41 | -0.36 | -0.36 | -0.36 | -0.22 | -0.22 | |
| Economic Stabilisation Fund | -0.02 | -0.01 | -0.01 | -0.01 | 0 | 0 | 0 | -0.1 | -0.09 | -0.08 | -0.06 | -0.05 | -0.05 | -0.05 | -0.05 | -0.05 | -0.05 | 0 | 0 | -0.32 | -0.19 | -0.19 | -0.16 | -0.14 | -0.14 | -0.14 | -0.14 | -0.14 | -0.14 | -0.06 | -0.03 | -2.73 | -1.73 | -1.7 | -1.62 | -1.05 | -1.04 | |
| Special Fund for the Federal Armed Forces | -0.3 | -0.3 | -0.13 | -0.13 | -0.13 | 0 | 0 | -0.67 | -0.48 | -0.48 | -0.48 | -0.26 | -0.26 | -0.26 | -0.13 | -0.13 | -0.13 | 0 | 0 | -0.29 | -0.2 | -0.2 | -0.2 | -0.11 | -0.11 | -0.11 | -0.06 | -0.06 | -0.06 | 0 | 0 | -0.19 | -0.1 | -0.1 | -0.1 | -0.03 | -0.03 | |
| Federal Railway Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ERP Special Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| German Unity Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| By remaining maturity3 | ||||||||||||||||||||||||||||||||||||||
| Up to one year | -3.35 | -2.38 | -1.47 | -1.33 | -1.44 | -0.55 | -0.16 | -8.45 | -7.52 | -7.35 | -7.15 | -5.99 | -5.48 | -5.26 | -4.03 | -3.69 | -2.65 | -1.38 | -0.6 | -8.56 | -7.75 | -7.54 | -7.26 | -6.16 | -5.29 | -4.85 | -3.88 | -3.14 | -2.69 | -1.89 | -0.91 | -5.03 | -4.41 | -4.16 | -3.91 | -3.7 | -3.05 | |
| Over one year and up to four years | -4.15 | -3.54 | -3.54 | -3.54 | -1.79 | -1.79 | -1.58 | -6.06 | -6.06 | -5.57 | -3.93 | -3.92 | -3.7 | -2.29 | -2.29 | -2.29 | -1.2 | -1.19 | -0.88 | -5.5 | -5.41 | -5.4 | -4.25 | -4.32 | -4.1 | -2.66 | -2.61 | -2.58 | -1.29 | -1.24 | -0.82 | -5.62 | -5.67 | -5.59 | -5.03 | -5.07 | -4.35 | |
| Over four years | -9.51 | -5.32 | -5.31 | -4.52 | -4.54 | -4.52 | -2.07 | -15.92 | -15.88 | -15.27 | -15.27 | -15.24 | -10.51 | -6.48 | -6.43 | -5.97 | -4.48 | -4.45 | -2.8 | -19.64 | -19.67 | -18.09 | -18.14 | -18.09 | -14.68 | -9.54 | -8.69 | -8.04 | -5.84 | -5.09 | -3.51 | -29.56 | -29.57 | -27.95 | -26.39 | -24.8 | -21.43 | |
| Cash-advance borrowing and cash investments | 0.14 | 0.1 | 0.1 | 0.14 | 0.11 | 0.08 | 0.03 | 0.21 | 0.15 | 0.18 | 0.14 | 0.08 | 0.04 | 0.03 | -0.01 | 0.02 | 0.03 | 0.03 | 0.01 | 0.2 | 0.44 | 0.45 | 0.41 | 0.34 | 0.35 | 0.32 | 0.32 | 0.33 | 0.22 | 0.09 | -0.01 | 0.78 | 0.64 | 0.51 | 0.38 | 0.24 | 0.14 | |
| Budget and cash-advance borrowing less cash investments | -16.88 | -11.15 | -10.21 | -9.25 | -7.67 | -6.78 | -3.78 | -30.22 | -29.31 | -28.01 | -26.21 | -25.06 | -19.65 | -14.01 | -12.75 | -11.93 | -8.3 | -6.99 | -4.26 | -33.5 | -32.39 | -30.59 | -29.25 | -28.23 | -23.72 | -16.74 | -14.86 | -13.43 | -9.61 | -8.13 | -5.24 | -39.43 | -39.02 | -37.19 | -34.95 | -33.33 | -28.69 | |
| Federal securities outstanding (Bundesbank)2 | ||||||||||||||||||||||||||||||||||||||
| Conventional securities3 | ||||||||||||||||||||||||||||||||||||||
| Total money market paper (excluding own stocks) | 94,428.5 | 97,950 | 96,099 | 95,560 | 95,581 | 88,677.6 | 85,412.6 | 81,535.2 | 80,368.1 | 77,648.7 | 80,054.5 | 83,384.3 | 87,279.1 | 91,568.8 | 97,269.1 | 104,429.5 | 111,540.9 | 105,446.8 | 101,317.4 | 104,993.9 | 105,235.9 | 106,104.7 | 109,666.7 | 113,973.5 | 119,163.7 | 124,624.2 | 134,315.9 | 135,469 | 143,957.1 | 146,208.9 | 148,406.6 | 145,820.3 | 143,753.3 | |||||
| Conventional Federal bonds "Bunds" (excluding inflation-linked Federal bonds, Green Federal bonds and own stocks) | 1,200,198.81 | 1,189,990.3 | 1,201,402.81 | 1,186,346.31 | 1,185,904.76 | 1,178,773.21 | 1,162,308.69 | 1,147,744.07 | 1,162,052.49 | 1,143,555.01 | 1,135,826.25 | 1,120,341.22 | 1,110,515.51 | 1,096,910.45 | 1,118,705.45 | 1,105,647.61 | 1,101,149 | 1,093,171.54 | 1,081,651.6 | 1,070,036.6 | 1,080,809.06 | 1,066,616.16 | 1,056,425.98 | 1,069,241.32 | 1,054,940.97 | 1,041,995.27 | 1,044,099.35 | 1,045,612.91 | 1,042,017.83 | 1,032,658.66 | 1,021,675 | 1,007,616.1 | 1,017,045.16 | |||||
| Conventional Five-year Federal notes "Bobls" (excluding inflation-linked Federal notes, Green Federal notes and own stocks) | 252,003.8 | 244,653.54 | 240,079.79 | 235,226.63 | 234,864.18 | 231,340.62 | 246,143.49 | 241,561.42 | 236,113.08 | 227,783.97 | 223,767.24 | 219,626.76 | 236,890.64 | 229,620.81 | 225,560.46 | 220,672.64 | 220,615.37 | 216,662.32 | 232,489.75 | 230,547.9 | 222,176.07 | 217,405.76 | 212,344.88 | 207,806.76 | 226,132.63 | 222,992.39 | 219,525.57 | 216,276.44 | 216,183.96 | 213,131.72 | 226,339.8 | 222,711.79 | 215,872.84 | |||||
| Inflation-linked and green securities3 | ||||||||||||||||||||||||||||||||||||||
| Inflation-linked Federal securities (excluding own stocks)2 | 59,819.85 | 59,842.48 | 59,827.32 | 59,827.5 | 59,827.5 | 59,842.89 | 59,837.8 | 59,832.86 | 59,832.84 | 59,814.89 | 59,887.3 | 59,750.52 | 59,730.45 | 59,802.44 | 59,862.36 | 59,941.13 | 60,097.1 | 60,062.49 | 59,874.05 | 59,917.03 | 59,927.53 | 59,967.54 | 60,117.4 | 60,111.91 | 60,312.1 | 60,304.85 | 60,454.49 | 60,469.52 | 60,512.86 | 60,415.95 | 59,923.15 | 59,419.63 | 59,502.03 | |||||
| Inflation-linked Federal bonds "Bunds" (excluding own stocks) | 59,819.85 | 59,842.48 | 59,827.32 | 59,827.5 | 59,827.5 | 59,842.89 | 59,837.8 | 59,832.86 | 59,832.84 | 59,814.89 | 59,887.3 | 59,750.52 | 59,730.45 | 59,802.44 | 59,862.36 | 59,941.13 | 60,097.1 | 60,062.49 | 59,874.05 | 59,917.03 | 59,927.53 | 59,967.54 | 60,117.4 | 60,111.91 | 60,312.1 | 60,304.85 | 60,454.49 | 60,469.52 | 60,512.86 | 60,415.95 | 59,923.15 | 59,419.63 | 59,502.03 | |||||
| Inflation-linked Federal notes "Bobls" (excluding own stocks) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Capital indexation of inflation-linked securities | 16,901.72 | 17,348.84 | 17,230.31 | 17,451.07 | 17,292.25 | 17,223.77 | 17,112.07 | 17,091.53 | 16,867.03 | 16,894.13 | 16,477.69 | 15,979.32 | 15,669.1 | 15,905.35 | 15,672.73 | 15,926.95 | 15,728.11 | 15,789.01 | 15,640.57 | 15,682.28 | 15,546.66 | 15,386.09 | 14,988.01 | 14,424.32 | 14,047.66 | 14,335.97 | 14,268.81 | 14,686.01 | 14,625.06 | 14,353.54 | 13,863.48 | 13,830.72 | 13,677.09 | |||||
| Green Federal securities (excluding own stocks)2 | 80,640.71 | 76,828.03 | 74,483.53 | 74,465.98 | 74,349.4 | 73,873.76 | 79,660.54 | 77,573.4 | 77,058.12 | 75,548.47 | 73,696.68 | 72,457.05 | 70,286.57 | 69,994.73 | 68,156.64 | 66,428.49 | 66,662.7 | 66,174.04 | 65,348.58 | 65,892.9 | 64,675.39 | 65,074.16 | 62,825.38 | 58,584.42 | 58,565.06 | 56,731.06 | 56,006.67 | 53,964.87 | 53,819.03 | 52,827.13 | 52,762.56 | 51,330.7 | 51,231.23 | |||||
| Green Federal bonds "Bunds" (excluding own stocks) | 65,197.39 | 61,484.79 | 59,231.57 | 59,213.44 | 59,124.03 | 58,884.05 | 57,704.93 | 56,012.21 | 55,596.77 | 53,732 | 53,341.05 | 51,871.6 | 49,775.48 | 49,564.8 | 47,916.51 | 47,157.93 | 47,574.97 | 47,196.64 | 46,201.11 | 46,637.95 | 45,351.27 | 45,134.65 | 42,666.49 | 41,692.87 | 41,649.18 | 40,705.98 | 39,932.05 | 38,635.2 | 38,578.87 | 37,586.2 | 37,550.54 | 37,550.49 | 37,450.85 | |||||
| Five-year Green Federal notes "Bobls" (excluding own stocks) | 15,443.32 | 15,343.25 | 15,251.96 | 15,252.54 | 15,225.37 | 14,989.71 | 21,955.61 | 21,561.2 | 21,461.35 | 21,816.47 | 20,355.63 | 20,585.45 | 20,511.08 | 20,429.93 | 20,240.13 | 19,270.56 | 19,087.73 | 18,977.4 | 19,147.48 | 19,254.95 | 19,324.12 | 19,939.51 | 20,158.89 | 16,891.55 | 16,915.88 | 16,025.08 | 16,074.62 | 15,329.67 | 15,240.16 | 15,240.93 | 15,212.02 | 13,780.21 | 13,780.38 |
Latest reading
The latest reading is 1,884.61 EUR billion, for Jul 2026. That is +1.6% from Jun 2026 and +7.5% from a year earlier. The series on this page is monthly and runs from Jan 1995 to Jul 2026. Source: Bundesrepublik Deutschland – Finanzagentur GmbH and Deutsche Bundesbank.
- Latest
- 1,884.61 EUR billion
- Jul 2026
- vs previous period
- +1.6%
- Jun 2026
- vs a year earlier
- +7.5%
About this data
Everything the German federation owes and pays for it, by instrument: the outstanding volume from the Finanzagentur debt report, the part the federation holds itself and deducts from the amount in circulation, gross borrowing and redemptions during the year, and interest both on a cash basis and as total economic cost that spreads premiums, discounts and inflation compensation over the life of the instrument. Flow series are cumulative within a calendar year and reset each January. The Bundesbank series for federal securities outstanding is included as an independent reading of the same stock.
