The press office of the Federal Statistical Office of the Federal Republic of Germany states that the total financial budget of Germany decreased by 1.8 per cent in 2022 compared to 2021.
The agency has published a report which shows that at the end of 2022, the financial assets of the total state budget of the Federal Republic of Germany amounted to 1,077.8 billion euros. These statistics include the assets of the federal government, federal states, municipalities and municipal associations, including social security funds.
The press service of the statistical office notes that the financial assets of the government decreased by 7.8 per cent, while the financial assets of the federal states decreased by 4.9 per cent. This decrease in the government’s financial assets in 2022 is due to the implementation of aid packages and programmes to deal with the economic consequences of the coronavirus.
At the end of 2022, the financial assets of the federal states totalled 280.2 billion euros. However, the report from the office notes that the financial assets of the federal states have developed differently from one state to another. Compared to 2021, the financial assets of Bremen (-54.8 per cent) and Hesse (-22.8 per cent). At the same time, financial assets increased in Saxony-Anhalt (+23.5 per cent) and Saxony (+17.8 per cent).
The financial assets of municipalities increased by 5.6 per cent to €234.7 billion in 2022 compared to 2021. It is also known that the financial assets of social security funds increased by 9.8 per cent to 168.9 billion euros.
Also in the report, the Federal Statistical Office recorded a decrease in the financial assets of municipalities and municipal associations in 2022 in none of the federal states. The financial assets of the municipalities and municipal associations of Schleswig-Holstein (+17.5 per cent) and Lower Saxony (+11.1 per cent) grew the most. At the same time, the municipalities of Bavaria (2.6 billion euros) and North Rhine-Westphalia (1.9 billion euros) ranked first in terms of absolute asset growth.