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Germany's Public Financial Assets Fall 2% in 2024, Led by Federal and Social Insurance Declines

Destatis urges reading the asset figures alongside debt because cash balances can be used to reduce liabilities.

Overview

  • Germany’s public financial assets totaled €1,134.2 billion at end‑2024, down 2.0% or €22.6 billion from a year earlier.
  • The federal level fell 2.4% to €435.0 billion, chiefly due to the continued portfolio wind‑down at FMS Wertmanagement.
  • The Länder declined 0.3% to €281.8 billion, with gains in Mecklenburg‑Vorpommern (+22.7%), Saxony (+11.0%) and Brandenburg (+10.8%) and sharp drops in Saxony‑Anhalt (−15.3%), Bremen (−14.8%) and Lower Saxony (−12.9%).
  • Municipalities and municipal associations were essentially unchanged at €246.9 billion.
  • The social insurance sector decreased by 6.1% to €170.3 billion.