- German Municipal Debt Surges 6.3% in 2024, Reaching €4,448 Per Capita
- The state of Hesse carried the highest per capita municipal debt, followed by Saarland.
WIESBADEN, Germany – Germany’s municipal debt rose significantly in 2024, increasing by 6.3% over the course of the year, the Federal Statistical Office (Destatis) announced Tuesday.
The total integrated debt of municipalities and their associated public entities reached 343.8 billion euros by the end of 2024, which translates to a debt of 4,448 euros for every resident.
The report, based on a model calculation from federal and state statistical offices, provides a comprehensive view of municipal finances. It includes not only the debts of core municipal budgets but also those of their extra-budgetary funds, public institutions, and corporate holdings.
The 6.3% increase in 2024 marks a sharp acceleration from the 3.0% rise recorded in the previous year.
Regional data revealed significant disparities across the country.
The state of Hesse carried the highest per capita municipal debt, followed by Saarland. North Rhine-Westphalia experienced the largest increase in debt, with a jump of 9.9%. In contrast, Rhineland-Palatinate was the only state to see a major reduction, with its integrated municipal debt falling by 10.2%.
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