What is the latest figure for Germany public finances and debt?

Overall stood at 63.4% in Q2 2026. That is −0.1 pp from Q1 2026 and +1.1 pp from a year earlier.

How far back does the Germany public finances and debt data go?

The series on this page is quarterly and runs from Q1 2000 to Q2 2026. Source: Deutsche Bundesbank. Every series in the table can be charted over its full history and downloaded as CSV or Excel.

What does the Germany public finances and debt table measure?

The Germany public finances and debt table measures the general government Maastricht debt level, as well as the budget revenue, expenditure and resulting balance. It covers central government, local government and the social insurance funds in EUR million.

How is German general government debt broken down?

German general government Maastricht debt is broken down by level of government and by creditor group, such as domestic financial institutions and foreign creditors. It is further categorised by instrument, including debt securities, loans, and currency and deposits.

What is included in the German government expenditure data?

The German government expenditure data encompasses spending across all levels of budgetary accounts, including central and local government. It tracks outlays such as personnel expenditure and the spending of the social insurance funds.

Germany public finances and debt

Name: Germany public finances and debt
Creator: Deutsche Bundesbank

Germany public finances and general government Maastricht debt by creditor group.

Source: Deutsche BundesbankLast updated: Oct 06, 2026, 04:18 UTCCurated by Bui Thanh Phuc

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Indicator	Q2-2026	Q1-2026	Q4-2025	Q3-2025	Q2-2025	Q1-2025	Q4-2024	Q3-2024	Q2-2024	Q1-2024	Q4-2023	Q3-2023	Q2-2023
Maastricht debt10
Central government debt3
Of which currency and deposits2	15,152	13,839	18,278	18,027	16,724	14,677	14,816	16,809	15,546	14,772	16,886	18,123	15,343
Of which currency and deposits, of which currency	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which deposits	15,152	13,839	18,278	18,027	16,724	14,677	14,816	16,809	15,546	14,772	16,886	18,123	15,343
Of which securities other than shares, excl. financial derivates2	1,860,099	1,833,785	1,789,284	1,776,381	1,726,585	1,702,755	1,696,961	1,684,797	1,661,256	1,662,409	1,655,913	1,664,379	1,621,683
Of which securities other than shares, excl. financial derivates, of which short-term	99,713	97,957	95,076	85,564	77,868	89,277	109,073	106,293	113,372	128,334	143,397	160,307	149,613
Of which securities other than shares, excl. financial derivates, of which long-term	1,760,386	1,735,828	1,694,208	1,690,818	1,648,717	1,613,477	1,587,888	1,578,504	1,547,884	1,534,075	1,512,516	1,504,071	1,472,070
Of which loans2	179,465	193,050	193,036	178,862	181,705	174,102	181,732	177,457	174,812	182,695	184,354	171,979	174,169
Of which loans, of which short-term	56,550	68,061	67,856	51,508	54,409	46,721	54,196	47,560	45,204	51,608	52,957	40,273	42,689
Of which loans, of which long-term	122,915	124,989	125,180	127,354	127,297	127,381	127,536	129,898	129,609	131,087	131,397	131,706	131,480
General government debt6
Of which currency and deposits, of which currency	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which deposits	15,152	13,839	18,278	18,027	16,724	14,677	14,816	16,809	15,546	14,772	16,886	18,123	15,343
Of which securities other than shares, excl. financial derivates, of which short-term	105,917	104,264	99,447	90,168	83,596	95,368	115,190	111,890	119,459	134,243	147,341	165,017	153,736
Of which securities other than shares, excl. financial derivates, of which long-term	2,228,065	2,198,558	2,143,066	2,131,857	2,084,756	2,054,382	2,017,836	2,007,793	1,974,298	1,960,425	1,927,956	1,923,132	1,891,032
Of which loans, of which short-term	82,590	91,375	92,548	68,147	68,830	62,257	70,786	66,483	60,893	66,237	68,182	67,155	73,602
Of which loans, of which long-term	492,949	494,225	492,631	483,848	479,566	474,924	475,200	468,691	464,978	462,842	470,183	462,435	460,105
General government debt as defined in the Maastricht Treaty1
Overall6	2,924,674	2,902,263	2,845,970	2,792,047	2,733,472	2,701,606	2,693,827	2,671,667	2,635,174	2,638,519	2,630,547	2,635,861	2,593,818
By holder2
Of which held by domestic creditors	1,356,293	1,370,901	1,387,293	1,372,164	1,370,031	1,372,887	1,392,820	1,398,565	1,397,841	1,419,299	1,439,303	1,440,543	1,455,727
Of which held by external creditors	1,568,381	1,531,361	1,458,677	1,419,884	1,363,441	1,328,720	1,301,007	1,273,102	1,237,333	1,219,220	1,191,244	1,195,318	1,138,091
By currency of denomination2
Of which denominated in domestic currency	2,906,068	2,881,297	2,831,262	2,777,597	2,720,289	2,687,335	2,675,767	2,651,489	2,611,949	2,613,593	2,605,873	2,605,388	2,562,555
Of which denominated in foreign currency	18,606	20,966	14,709	14,450	13,183	14,272	18,060	20,178	23,225	24,926	24,674	30,473	31,263
Of which debt securities at market value	2,135,028	2,087,080	2,042,245	2,038,588	2,003,310	1,972,613	1,995,341	1,996,475	1,920,032	1,939,613	1,952,909	1,858,336	1,865,652
By residual maturity4
Of which debt securities; payable within one year or less (residual maturity)	328,747	347,274	341,956	333,546	319,524	310,386	340,830	335,430	333,564	368,241	375,767	387,920	374,083
Of which loans payable within one year or less (residual maturity)	138,256	147,041	148,213	122,705	120,103	113,530	122,059	118,440	113,533	119,561	122,189	121,835	128,954
Of which debt securities; payable in more than one year (residual maturity)	2,005,236	1,955,549	1,900,557	1,888,479	1,848,828	1,839,363	1,792,195	1,784,253	1,760,194	1,726,427	1,699,529	1,700,229	1,670,685
Of which loans payable in more than one year (residual maturity)	437,284	438,560	436,966	429,290	428,293	423,650	423,927	416,735	412,338	409,518	416,176	407,755	404,752
By level of government4
Central government	2,054,717	2,040,674	2,000,598	1,973,270	1,925,014	1,891,533	1,893,509	1,879,063	1,851,614	1,859,876	1,857,153	1,854,480	1,811,195
State government	682,221	678,541	661,079	649,493	643,068	648,433	639,558	636,215	630,277	629,182	621,030	624,223	626,284
Local government	227,461	224,200	225,314	214,567	206,134	199,986	196,494	188,165	183,491	180,931	180,169	175,453	172,908
Social security funds	16,732	13,963	6,562	4,350	3,482	2,675	2,778	3,028	3,382	3,090	3,192	3,832	2,782
By instrument3
Of which currency and deposits	15,152	13,839	18,278	18,027	16,724	14,677	14,816	16,809	15,546	14,772	16,886	18,123	15,343
Of which debt securities	2,333,983	2,302,823	2,242,513	2,222,025	2,168,352	2,149,749	2,133,026	2,119,683	2,093,757	2,094,668	2,075,296	2,088,149	2,044,768
Of which loans	575,540	585,601	585,179	551,996	548,396	537,181	545,986	535,175	525,871	529,079	538,365	529,590	533,707
General government debt as defined in the Maastricht Treaty as a % of GDP1
Overall4	63.4	63.5	62.8	62.2	62.3	62	62.2	62	61.6	62.1	62.3	63.2	63
Central government	44.6	44.7	44.2	44	43.8	43.4	43.7	43.6	43.3	43.8	44	44.5	44
State government	14.8	14.9	14.6	14.5	14.6	14.9	14.8	14.8	14.7	14.8	14.7	15	15.2
Local government	4.9	4.9	5	4.8	4.7	4.6	4.5	4.4	4.3	4.3	4.3	4.2	4.2
Social security funds	0.4	0.3	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Government debt as defined in the Maastricht Treaty5
Debt owed to the Bundesbank1	510,427.6	534,283.9	554,175	568,658.1	585,895.5	605,060.4	633,607.9	645,723.4	661,348.9	683,097.1	696,286.8	706,112.8	719,980.6
Debt owed to the Bundesbank, of which: debt securities	495,326	519,245	539,187	553,254	570,557	589,744	618,332	630,043	645,746	667,557	680,801	690,704	704,639
Domestic MFIs1	520,059	506,634	502,150	511,711	497,891	485,634	474,547	468,693	456,534	453,023	457,279	450,716	455,545
Domestic MFIs, of which: debt securities	179,926	165,460	159,828	164,696	156,616	152,338	135,342	140,184	132,539	128,896	126,354	126,626	125,988
Other domestic financial corporations1	242,411	248,213	249,990	213,509	207,921	204,779	204,031	202,396	202,107	204,320	207,181	207,371	208,455
Other domestic financial corporations, of which: debt securities	145,690	143,802	139,148	135,905	129,750	125,927	125,180	121,993	122,123	123,506	124,180	123,411	124,072
Other domestic creditors1	83,395	81,771	80,978	78,285	78,324	77,414	80,634	81,752	77,851	78,859	78,557	76,344	71,745
Other domestic creditors, of which: debt securities	24,276	23,379	21,893	21,306	20,878	21,533	21,936	24,083	24,161	24,406	23,038	23,353	20,882
Foreign creditors1	1,568,381	1,531,361	1,458,677	1,419,884	1,363,441	1,328,720	1,301,007	1,273,102	1,237,333	1,219,220	1,191,244	1,195,318	1,138,091
Foreign creditors, of which: debt securities	1,488,764	1,450,937	1,382,457	1,346,865	1,290,551	1,260,208	1,232,235	1,203,380	1,169,189	1,150,303	1,120,923	1,124,056	1,069,187
Local government debt3
Of which currency and deposits2	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which currency	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which deposits	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which securities other than shares, excl. financial derivates2	3,722	3,622	3,187	3,174	2,247	2,493	2,833	2,917	2,602	2,723	2,783	2,825	2,988
Of which securities other than shares, excl. financial derivates, of which short-term	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which securities other than shares, excl. financial derivates, of which long-term	3,722	3,622	3,187	3,174	2,247	2,493	2,833	2,917	2,602	2,723	2,783	2,825	2,988
Of which loans2	223,739	220,578	222,126	211,393	203,886	197,493	193,661	185,248	180,889	178,208	177,386	172,628	169,920
Of which loans, of which short-term	29,773	28,831	29,487	29,681	25,484	24,253	21,287	22,211	20,493	20,368	17,703	20,004	19,380
Of which loans, of which long-term	193,966	191,746	192,639	181,712	178,403	173,241	172,373	163,037	160,397	157,839	159,683	152,624	150,540
Memo item: Germany4
Central government (incl. Special funds)	23,315	25,083	24,634	29,654	25,850	23,380	21,399	17,375	17,406	17,991	15,179	6,132	2,546
State government	13,947	13,555	13,507	13,025	12,886	13,178	13,390	13,222	12,258	12,642	11,769	11,171	13,588
Local government	3,263	3,282	3,694	3,429	3,047	2,948	2,222	2,689	2,408	2,408	2,550	2,382	1,776
Social security funds	15,930	13,195	5,747	3,524	2,442	1,515	1,500	1,519	1,519	1,519	1,500	2,442	1,442
Social security funds' debt2
Of which currency and deposits2	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which currency	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which deposits	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which loans2	16,732	13,963	6,562	4,350	3,482	2,675	2,778	3,028	3,382	3,090	3,192	3,832	2,782
Of which loans, of which short-term	1,829	1,787	1,798	353	394	440	327	464	616	394	417	762	703
Of which loans, of which long-term	14,903	12,177	4,765	3,997	3,089	2,235	2,450	2,564	2,766	2,696	2,775	3,070	2,078
Social security funds' debt -of which securities other than shares, excl. financial derivates1
Social security funds´ debt -of which securities other than shares, excl. financial derivates2	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which short-term	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which long-term	0	0	0	0	0	0	0	0	0	0	0	0	0
State government debt3
Of which currency and deposits2	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which currency	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which currency and deposits, of which deposits	0	0	0	0	0	0	0	0	0	0	0	0	0
Of which securities other than shares, excl. financial derivates2	482,084	476,624	461,083	452,787	450,065	454,803	443,227	441,830	439,683	438,892	425,806	429,621	428,781
Of which securities other than shares, excl. financial derivates, of which short-term	6,512	6,591	4,646	4,861	5,932	6,306	6,316	5,879	6,453	6,188	4,306	4,982	4,305
Of which securities other than shares, excl. financial derivates, of which long-term	475,572	470,033	456,437	447,926	444,133	448,497	436,911	435,950	433,230	432,704	421,501	424,639	424,475
Of which loans2	200,137	201,917	199,996	196,706	193,002	193,630	196,330	194,386	190,594	190,291	195,224	194,602	197,504
Of which loans, of which short-term	20,645	20,933	21,559	18,430	15,765	16,030	17,730	15,272	12,465	13,219	12,896	13,375	16,228
Of which loans, of which long-term	179,492	180,984	178,437	178,275	177,238	177,600	178,600	179,114	178,129	177,072	182,328	181,226	181,275
Budget revenue, expenditure and balance5
Central government3
Government, budgetary accounts (Germany as a whole), Revenue		105,968	123,587	111,182	113,830	113,958	146,906	114,098	109,884	102,840	121,205	106,100	101,846
Government, budgetary accounts (Germany as a whole), Expenditure		127,402	148,762	138,453	119,908	120,790	149,059	123,051	115,065	111,581	137,823	115,925	119,571
Government - budgetary accounts (Germany as a whole) - deficit, surplus		-21,434	-25,175	-27,271	-6,078	-6,832	-2,153	-8,953	-5,181	-8,741	-16,618	-9,825	-17,725
Central, state and local government3

Latest reading

The series on this page is quarterly and runs from Q1 2000 to Q2 2026. Source: Deutsche Bundesbank.

About this data

Germany public finances and general government Maastricht debt by creditor group. The quarterly data tracks the budget revenue, expenditure and net lending or borrowing that change the debt level across central and local government. Published by the Deutsche Bundesbank since 1961, the series also covers the accounts of the social insurance funds, with figures denominated in EUR million and percentages.

Frequently asked questions

What is the latest figure for Germany public finances and debt?: Overall stood at 63.4% in Q2 2026. That is −0.1 pp from Q1 2026 and +1.1 pp from a year earlier.
How far back does the Germany public finances and debt data go?: The series on this page is quarterly and runs from Q1 2000 to Q2 2026. Source: Deutsche Bundesbank. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
What does the Germany public finances and debt table measure?: The Germany public finances and debt table measures the general government Maastricht debt level, as well as the budget revenue, expenditure and resulting balance. It covers central government, local government and the social insurance funds in EUR million.
How is German general government debt broken down?: German general government Maastricht debt is broken down by level of government and by creditor group, such as domestic financial institutions and foreign creditors. It is further categorised by instrument, including debt securities, loans, and currency and deposits.
What is included in the German government expenditure data?: The German government expenditure data encompasses spending across all levels of budgetary accounts, including central and local government. It tracks outlays such as personnel expenditure and the spending of the social insurance funds.