Germany government asset flows: other equity
Germany government asset flows: other equity stood at 1.4 EUR billion in Q1 2026, according to Deutsche Bundesbank. It is one of the indicators in the General government financial accounts table (Value · Quarterly), with a complete series running from Q1 1999 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the General government financial accounts table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total financial assets | 27.8 | 6.8 | 8.5 | 32.2 | -8.1 | -12.4 | -0.4 | -22.7 | -11.8 | -44.6 | |
| Equity and investment fund shares | 2.1 | 0.7 | 1.1 | 2.2 | -5.6 | 4.9 | -0.5 | 0.5 | 0.5 | -0.5 | |
| Other equity | 1.4 | 0.9 | 0.2 | 1.4 | -2.1 | 3.3 | 0.5 | 2.6 | 1.6 | -1.1 |
Understanding germany government asset flows: other equity
State capital contributions and ownership transactions in non-share business structures are compiled within this account. It tracks net flows into entities that do not issue tradable shares or stock certificates, encompassing limited liability companies, statutory municipal corporations, public utilities, development institutions, and equity quotas in multilateral development bodies. This distinction separates the series from sibling lines tracking listed and unlisted shares of joint-stock firms, as well as collective investment fund units. Direct subventions and capital grants that do not confer an increase in net equity claims are excluded, remaining in the non-financial government expenditure ledger.
Recorded amounts in other equity are heavily influenced by the fiscal operations of regional and municipal administrations, which frequently capitalise local infrastructure and utility operators. These transactions follow no standard seasonal pattern, occurring instead when local budgets authorize capital endowments or absorb enterprise restructurings. Quarter-on-quarter assessments can be skewed by solitary large equity infusions, meaning year-on-year calculations and rolling annual sums provide a clearer gauge of capital allocation. Revisions are common and often substantial, as municipal accounting returns and financial reports from public enterprises take considerable time to be fully integrated into general government accounts.
Frequently asked questions
- What kinds of assets are categorized as other equity?
- This category encompasses ownership participations in non-share corporate structures, including limited liability enterprises, statutory municipal utilities, and government capital paid into international institutions.
- How is a capital injection differentiated from a government subsidy here?
- A capital transfer constitutes an equity flow only when it grants or increases an ownership stake with residual financial rights, whereas unconditional operational transfers are logged as expenditure.
- Why do revisions occur frequently in this series?
- Data collection for municipal enterprises and decentralized public-law entities involves significant reporting lags, necessitating periodic updates as audited annual financial statements arrive.