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4d ago

Germany’s Public Debt Climbs to €2.66 Trillion in Q4 2025

Preliminary figures from the statistics office indicate special federal funds drove much of the rise.

DEU, Deutschland, Germany, Berlin, 18.03.2026 Symbol Bundesadler waehrend der Debatte zur Regierungserklaerung im Vorfeld vom EU-Gipfel im Plenum 64. Sitzung der 21. Legislaturperiode im Plenarsaal Deutscher Bundestag im Reichstag in Berlin Deutschland en: Symbol federal eagle during the debate Regarding the government statement of the 64rd session of the 21st legislative period in the plenary hall ahead of a meeting of the European Council at the German Bundestag in Berlin Germany
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Finanzminister Lars Klingbeil (SPD) muss bei allen Herausforderungen auch die Staatsschulden im Blick behalten.
Die Schulden im öffentlichen Gesamthaushalt sind im vierten Quartal 2025 um 50,8 Milliarden Euro gestiegen. Insgesamt waren die Haushalte mit 2661,5 Milliarden Euro verschuldet, wie das Statistische Bundesamt in Wiesbaden mitteilte.

Overview

  • Destatis said Thursday that total public-sector debt reached €2,661.5 billion at the end of Q4 2025, up €50.8 billion from Q3 and €151.0 billion above the end of 2024.
  • Federal debt rose by €32.2 billion to €1,840.6 billion, led by higher borrowing in special funds, with the Bundeswehr fund up 29.4% to €43.0 billion and the new SVIK fund at €24.3 billion after it began issuing debt in October.
  • State debt increased to €624.6 billion, with Hamburg posting the largest percentage jump after its finance agency pulled previously off-book liabilities into the official tally, while Mecklenburg‑Vorpommern saw the sharpest decline.
  • Municipal debt recorded the steepest percentage rise among government tiers, climbing 5.3% to €196.3 billion as local reserves ran down and towns took new loans to meet obligations.
  • Debt of the social insurance sector was negligible and edged down to €9.4 million, while the Bundesbank released Maastricht-based 2025 figures on March 31 and Destatis plans final 2025 debt results for late July.