German public debt down by $1B in Q1

ANKARA

Germany's public debt fell by €992 million ($1 billion) in the first quarter of this year compared to end-2021, the Federal Statistical Office (Destatis) announced on Wednesday.

"Compared with the first quarter of 2021, debt was up by 5.1% (€113.4 billion) in the first quarter of 2022," it said in a statement.

The debt owed by the overall public budget to the non-public sector amounted to €2.3 trillion ($2.4 trillion) in the January-March period.

The non-public sector comprises credit institutions and the remaining domestic and non-domestic sector, for instance private businesses in Germany and abroad.