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Germany's debt-to-GDP ratio rises, in 2024 at 49.5%

(ANSA) - BELGRADE, APR 25 - n Germany, the increase in public spending has led to an increase in the debt-to-GDP ratio to 49.5%, the Federal Statistical Office reports. Compared to 2023, when the debt-to-GDP ratio was 48.4%, there has been an increase of 1.1%. According to the Federal Statistical Office, the increase is mainly due to the significant increase in social services in cash, such as pensions, long-term care allowances or citizen's income, as well as higher social benefits in kind, such as for hospital care or nursing care. (ANSA).

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