Germany's Public Spending Hits Record €2 Trillion in 2024

Despite revenue growth, rising social and military expenditures widened the national deficit to €104.4 billion, with municipalities facing the greatest strain.

• Public expenditures in Germany rose by 7.1% in 2024, surpassing €2 trillion for the first time, while revenues grew by 6.8% to €1.98 trillion.
• The national deficit increased by €12.7 billion from 2023, reaching €104.4 billion, as spending outpaced revenue growth.
• Municipalities experienced the steepest fiscal challenges, with their deficit climbing to €24.8 billion due to escalating social costs.
• Military spending saw a significant rise, with €16.9 billion allocated to the Bundeswehr special fund, reflecting shifting federal budget priorities.
• The federal government reduced its deficit to €50.9 billion, but states, municipalities, and social insurance systems recorded increased shortfalls.

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