Germany federal debt and borrowing
Germany federal debt and borrowing volumes are detailed alongside special funds and interest expenditure.
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| 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 |
Latest reading
The series on this page is monthly and runs from Jan 1995 to Jul 2026. Source: Bundesrepublik Deutschland – Finanzagentur GmbH and Deutsche Bundesbank.
About this data
Germany federal debt and borrowing volumes are detailed alongside special funds and interest expenditure. The dataset breaks down outstanding federal borrowing by instruments such as 30-year federal bonds, federal notes, green federal securities and inflation-linked securities. It covers gross borrowing, redemptions and interest expenditure across various special funds, including those for the armed forces. Monthly series from the Finanzagentur and the Deutsche Bundesbank are available since 1950.
Frequently asked questions
- What is the latest figure for Germany federal debt and borrowing?
- 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.
- How far back does the Germany federal debt and borrowing data go?
- The series on this page is monthly and runs from Jan 1995 to Jul 2026. Source: Bundesrepublik Deutschland – Finanzagentur GmbH and Deutsche Bundesbank. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What is included in the Germany federal debt and borrowing data?
- It covers the outstanding volume of German federal debt, gross borrowing, debt redemptions and interest expenditure, including various special funds and federal securities.
- Which financial instruments are covered in the German federal borrowing statistics?
- German federal borrowing is broken down by instrument, including 30-year federal bonds, federal notes, green federal securities and inflation-linked federal securities.
- Are German federal special funds included in the debt statistics?
- Yes, the Germany federal debt data includes borrowing and interest expenditure for special funds such as the Economic Stabilisation Fund, the Special Fund for the Federal Armed Forces and the ERP Special Fund.