Germany outstanding debt, maturity 1 to 4 years
Germany outstanding debt, maturity 1 to 4 years stood at 529.63 EUR billion in Jul 2026, according to Bundesrepublik Deutschland – Finanzagentur GmbH and Deutsche Bundesbank. It is one of the indicators in the Federal debt, borrowing and interest table (Value · Monthly), with a complete series running from Jan 1995 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Federal debt, borrowing and interest table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| By remaining maturity | |||||||||||
| 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 | |
| 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 |
Understanding germany outstanding debt, maturity 1 to 4 years
Sovereign obligations falling due within a medium-term window are aggregated in this specific bracket, capturing the intermediate refinancing pipeline of the federal state. Unlike the immediate liquidity pressures of short-term paper or the distant horizons of ultra-long bonds, this segment represents the transitional portion of the debt portfolio. The total includes medium-term federal notes originally issued with corresponding lifespans, alongside heavily aged benchmark bonds that have drifted down the maturity curve. Consolidating this specific timeband allows risk managers to evaluate the volume of capital the treasury will need to source from financial markets over the coming medium-term business cycle.
Evaluating the stability of this intermediate maturity bracket is best done through year-on-year observation, smoothing out the mechanical churn of aging securities. Month-on-month assessments are frequently misleading because the internal composition shifts dynamically as older bonds continuously slide into the shorter maturity bucket and newer issues enter from above. There are no sudden structural breaks born of policy changes, but predictable step-changes occur based strictly on the historical issuance calendar. Analysts must carefully avoid viewing this metric as a reflection of current fiscal policy, as the stock is heavily polluted by the legacy issuance decisions made several periods prior.
Frequently asked questions
- What types of original securities dominate this maturity bracket?
- It typically features federal notes originally issued for the medium term, mixed with aging long-term bonds.
- How does debt leave this specific category?
- Liabilities exit this bracket either by being actively repurchased by the treasury or by naturally aging into the final one-year maturity window.
- Can changes in this row signal new government spending?
- Rarely, as the volume is primarily dictated by the mechanical aging of the existing historical debt portfolio.