Navigation

zur Suche

You are here:

22 October 2024

Overview of federal budgetary and financial data up to and including September 2024

Translated extracts from the Federal Ministry of Finance’s October 2024 monthly report

Federal budget trends up to and including September 2024

Table: Trends in the federal budget
Actual 20232024 target¹Actual (year to date)
January–September 2024²

Expenditure (€bn)³

457.1488.9333.7

Year-on-year change in % (year to date)

  -0.8

Revenue (€bn)⁴

392.2428.2301.2

Year-on-year change in % (year to date)

  +8.0

Tax revenue (€bn)

356.1374.4269.1

Year-on-year change in % (year to date)

  +4.0

Balance of pass-through funds (€bn)

0.00.00.0

Fiscal balance (€bn)

-64.9-60.7-32.5

Financing/use of surplus:

64.960.732.5

Cash resources (€bn)

--62.4

Seigniorage (€bn)

0.20.20.2

Movements in reserves⁵ (€bn)

37.510.20.0

Net borrowing⁶ (€bn)

27.250.3-30.0

Revenue

Federal revenue (excluding seigniorage, withdrawal from reserves and revenue from loans) totalled €301.2bn for the period from January to September 2024, up by 8.0% (€22.4bn) on the year. Tax revenues were up by 4.0% (€10.4bn) on the year. For further information about tax revenues, please refer to the article “Tax revenues in September 2024” [in German only] in the current issue of the monthly report.

The category of “other revenue” totalled €32.1bn in September 2024, a year-on-year gain of 59.2% (€12.0bn). This included a €4.0bn year-on-year increase in receipts from the distance-based commercial vehicle toll, a gain largely driven by the recent addition of a CO2 component to the toll. In addition, revenue from sales of holdings and from the liquidation of other capital assets belonging to the Federation rose by €3.5bn compared with the same period last year. Furthermore, when the special fund for digital infrastructure was dissolved, an amount of €1.8bn was transferred to the core budget, because the funding that is being provided to the Länder for the purpose of implementing the Digital Pact for Schools and expanding broadband networks is now being drawn from the core budget. Revenue generated in connection with the Offshore Wind Act (Windenergie-auf-See-Gesetz) totalled €1.3bn.

Expenditure

In the period from January to September 2024, federal expenditure totalled €333.7bn, down slightly by 0.8% (€2.7bn) on the year. Broken down by economic category, investment spending was down by 8.7% (€2.8bn) on the year, while consumption spending remained roughly at the same level (up by €0.1bn on the year).

In the area of consumption spending, ongoing grants and subsidies recorded a year-on-year increase of 2.1% (€4.4bn). Human resources expenditure was up by 5.4% (€1.7bn) on the year. In contrast, interest expenditure declined by 12.7% (€4.4bn) on the year, while operating expenditure fell by 5.4% (€1.5bn). The increase in ongoing grants and subsidies was the result of contrasting trends: spending on citizen’s benefit was up by €2.7bn, and the federal subsidy to the general pension insurance system rose by €1.8bn on the year. Federal grants to reimburse the Länder for social spending on basic income support for older people and for people with reduced earning capacity climbed by €0.7bn. Spending on efforts to enhance security, defence and stability in partner countries likewise increased by €0.7bn on the year. In contrast, federal payments to the health fund to cover pandemic-related costs declined by €1.3bn on the year. Furthermore, no money was budgeted in 2024 for a supplementary federal subsidy to the health fund or for federal lump-sum contributions to the long-term care insurance system. This led to year-on-year spending reductions of €1.5bn and €1.0bn, respectively, in the period from January to September 2024.

As in previous months, the decline in investment spending was mainly attributable to a special factor in 2023: a €6.3bn loan that was granted to the IMF’s Resilience and Sustainability Trust in January 2023 was recorded as an investment item, as required under budget law. No such loan was made in 2024. After adjusting for this effect, investment spending was up by 13.8% (€3.5bn) on the year. This increase was mainly due to an allocation of €3.0bn to increase the equity of Deutsche Bahn AG. A total of €5.5bn is earmarked for this purpose in the 2024 federal budget. Additionally, investment grants to Autobahn GmbH des Bundes were €0.8bn higher than in January–September 2023.

Fiscal balance

The federal budget recorded a deficit of €32.5bn for the January–September 2024 period.

Revenue and expenditure are subject to strong fluctuations over the course of the fiscal year and thus have an uneven effect on cash funds in individual months. Net borrowing also tends to fluctuate considerably over the course of the year. This means that the fiscal balance at this point in the year and the corresponding net borrowing figures are not reliable indicators of the end-of-year figures for the fiscal balance and net borrowing.

Trends in federal expenditure by function
Actual 20232024 target¹Actual (year to date)Year-on-year change
(year to date)
January–
September 2023
January–
September 2024
in €mshare in %in €mshare in %in €min %

General public services

111,31424.4113,93823.376,22976,524+0.4

Economic cooperation and development

11,8662.611,0542.36,6736,168-7.6

Defence

55,52112.158,34611.938,73938,570-0.4

Government, central administration

22,2434.923,4114.816,65817,450+4.8

Revenue administration

6,9611.56,9331.44,6545,118+10.0

Education, science, research, cultural affairs

29,4796.430,6806.317,66617,901+1.3

Support for school and university students and training programme participants

5,2051.14,3380.93,8702,890-25.3

Science, research and development outside of higher education institutions

16,9733.717,5953.69,0739,189+1.3

Social security, family affairs and youth, labour market policy

215,22247.1222,01045.4169,556173,376+2.3

Social security funds including unemployment insurance

136,02829.8137,84128.2110,000111,073+1.0

of which:

       

General pension insurance

103,05322.5107,55622.084,26787,913+4.3

Health insurance

18,9684.116,0263.314,52312,068-16.9

Labour market policy

48,21210.551,02310.435,70639,082+9.5

of which:

       

Citizen’s benefit under Book II of the Social Code

25,8085.629,7006.119,64722,330+13.7

Government housing and heating allowances under Book II of the Social Code

11,5762.511,6002.48,6179,299+7.9

Family assistance, welfare services, etc.

13,3962.914,5713.09,95010,845+9.0

Social benefits under Book XII of the Social Code and the Asylum Seekers Benefits Act
(Asylbewerberleistungsgesetz)

9,8732.210,9272.28,0018,616+7.7

Other social affairs

2,2400.51,8330.41,595-926-158.1

Health, environment, sport, recreation

6,5611.45,4861.14,0383,238-19.8

Housing, urban development, regional planning and local community services

3,5490.84,0410.81,3472,000+48.5

Housing, home ownership savings premium

2,2710.52,7450.61,0461,640+56.7

Food, agriculture and forestry

1,7230.41,7560.4668647-3.1

Energy and water management, trade and services

14,5733.213,0492.710,1043,584-64.5

Regional support measures

1,7990.44,4470.98181,290+57.6

Monetary and insurance system

7,0321.51650.06,78577-98.9

Other trade and services

1,7550.44,1550.8479678+41.6

Transport and communication

28,4786.235,8567.316,82120,583+22.4

Roads

9,9492.29,8242.05,7106,611+15.8

Railways and public transport

10,7952.417,8843.75,6988,549+50.0

Financial management

46,22810.162,06512.739,97335,851-10.3

Real property and capital assets, special funds and financial grants

7,3231.631,9336.54,2464,565+7.5

Interest expenditure and borrowing-related expenditure

37,6878.237,4457.734,75930,358-12.7

Total expenditure²

457,129100.0488,880100.0336,401333,705-0.8
Trends in federal expenditure by economic category
Actual 20232024 target¹Actual (year to date)Year-on-year change
(year to date)
January–
September 2023
January–
September 2024
in €mshare in %in €mshare in %in €min %

Consumption expenditure

402,16788.0428,87687.7304,567304,637+0.0

Human resources expenditure

40,1198.843,5218.930,90232,582+5.4

Salary payments

29,8236.533,0546.822,74623,910+5.1

Pensions

10,2962.310,4682.18,1568,672+6.3

Operating expenditure

43,6549.545,0389.227,33625,850 -5.4

Maintenance of immovable property

1,2130.31,2140.2840817 -2.7

Military procurement

17,0353.715,2473.19,9918,507 -14.9

Other

25,4075.628,5775.816,50416,526+0.1

Interest expenditure

37,6488.237,4097.734,72630,325 -12.7

Ongoing grants and subsidies

278,95361.0301,14761.6209,975214,334+2.1

to public administrations

40,6728.951,41610.529,44631,556+7.2

to other areas

238,28152.1249,73251.1180,530182,778+1.2

of which:

       

Companies

33,1307.238,0427.821,32721,805+2.2

Pensions, benefits, etc.

37,9828.344,7799.229,12131,849+9.4

Social security funds

144,49831.6143,92529.4116,055116,030 -0.0

Other asset transfers

1,7920.41,7610.41,6291,546 -5.1

Investment expenditure

54,96112.070,82214.531,83429,068 -8.7

Financial assistance

48,26010.664,30313.228,24324,934 -11.7

Grants and subsidies

37,1198.144,1289.019,59221,030+7.3

Loans, guarantees

9,7412.114,5513.08,416783 -90.7

Acquisition of holdings; capital contributions

1,4000.35,6241.22353,121X

Fixed asset investment

6,7021.56,5191.33,5914,134+15.1

Construction projects

4,1350.93,9710.82,2642,561+13.1

Acquisition of movable assets

2,4280.52,4780.51,2621,494+18.4

Acquisition of real property

1390.0700.06679+19.7

General reduction/increase in expenditure

00.0-10,818-2.200X

Total expenditure²

457,129100.0488,880100.0336,401333,705 -0.8
Trends in federal revenue
Actual 20232024 target¹Actual (year to date)Year-on-year change
(year to date)
January–
September 2023
January–
September 2024
in €mshare in %in €mshare in %in €min %

Taxes²

356,08290.8374,38687.4258,619269,053+4.0

Federal share of joint taxes:

317,03680.8333,10777.8234,389238,517+1.8

Income tax and corporation tax
(incl. final withholding tax on interest and capital gains)

175,89844.8182,70842.7126,394130,365+3.1

of which:

       

Wages tax

100,38225.6107,05825.070,33873,842+5.0

Assessed income tax

31,1908.030,4307.122,18722,407+1.0

Non-assessed tax on earnings

18,2214.615,9753.714,87613,382 -10.0

Final withholding tax on interest and capital gains

3,6790.97,9201.82,4896,136+146.5

Corporation tax

22,4265.721,3255.016,50414,599 -11.5

Value added taxes

138,45235.3147,66034.5106,509106,646+0.1

Trade tax apportionment

2,6850.72,7390.61,4871,506+1.3

Energy duty

36,6589.336,4008.522,63522,504 -0.6

Tobacco duty

14,6723.715,8303.710,37810,461+0.8

Solidarity surcharge

12,2393.112,1502.89,1449,392+2.7

Insurance tax

16,8514.318,1004.214,03715,156+8.0

Electricity duty

6,8321.75,7101.35,1674,216 -18.4

Motor vehicle tax

9,5142.49,7502.37,4467,567+1.6

Alcohol duty including alcopops duty

2,1600.62,1610.51,5801,485 -6.0

Coffee duty

1,0300.31,0300.2752728 -3.2

Aviation tax

1,4860.41,8500.41,0791,298+20.3

Sparkling wine duty and intermediate products duty

3850.13850.1294286 -2.7

EU energy crisis contribution

00.01,0000.201,936X

Other taxes accruing to the Federation

20.020.002X

Deductions

       

Consolidation assistance for the Länder

800X800X8008000.0

Supplementary grants to Länder

10,883X11,052X8,0868,555+5.8

EU own resources (GNI-based)

22,981X22,010X18,12313,578 -25.1

EU own resources (VAT-based)

5,306X5,600X3,8254,209+10.0

EU own resources (plastics)

1,423X1,410X1,0351,065+2.9

Grants to Länder for public transport

12,398X13,225X9,6739,543 -1.3

Grants to Länder for motor vehicle tax and HGV toll

8,992X8,992X6,7446,7440.0

Other revenue

36,1479.253,82412.620,17532,127+59.2

Administrative revenue

15,9634.121,3315.010,70815,174+41.7

Revenue from economic activity

5,1771.34,1911.02,3173,362+45.1

Interest revenue

2,1950.61,9320.51,3922,018+45.0

Loan repayments, holdings, privatisation proceeds

1,5610.41,1880.37324,612+530.1

Revenue from grants and subsidies

10,2682.621,8575.14,9046,336+29.2

Total revenue³

392,229100.0428,210100.0278,794301,180+8.0

to the top

Tax revenue in September 2024

2024 trends in tax revenue (excluding local authority taxes)¹
2024SeptemberYear-on-year
change
January to
September
Year-on-year
change
2024 estimates⁴Year-on-year
change
in €min %in €min %in €min %

Joint taxes

Wages tax²

18,413+5.9179,805+4.8251,900+6.6

Assessed income tax

17,839+5.152,720+1.071,600 -2.4

Non-assessed taxes on earnings

1,094 -1.026,716 -10.231,950 -12.3

Final withholding tax on interest and capital gains
(including the former withholding tax on interest income)

1,261+89.513,945+146.518,000+115.3

Corporation tax

9,426 -4.829,197 -11.542,650 -4.9

Value added taxes

26,949+13.5221,243+2.0306,000+5.0

Total joint taxes

74,981+7.5523,626+2.9722,100+4.6

Trade tax apportionments paid to Federation and Länder

Trade tax apportionment

3+13.63,635+5.36,610+4.1

Increased trade tax apportionments

0X2X0X

Total trade tax apportionments

3+13.63,637+5.46,610+4.1

Taxes accruing to the Federation

Energy duty

3,321+7.922,504 -0.636,400 -0.7

Tobacco duty

941 -25.310,461+0.815,830+7.9

Alcohol duty

166 -0.51,483 -6.12,160+0.0

Insurance tax

941+7.515,156+8.018,100+7.4

Electricity duty

498 -14.64,216 -18.45,710 -16.4

Motor vehicle tax

714 -7.77,567+1.69,750+2.5

Aviation tax

190+28.21,298+20.31,850+24.5

Solidarity surcharge

1,645+4.79,392+2.712,150 -0.7

Other taxes accruing to the Federation

99 -14.82,954+181.32,418+70.4

Total taxes accruing to the Federation

8,516 -0.775,030+3.5104,368+2.5

Taxes accruing to the Länder

Inheritance tax

789+20.37,453+6.69,500+2.3

Real property transfer tax

1,078+20.89,446+1.611,900 -2.5

Betting and lottery tax

205+0.81,853 -0.22,465 -0.5

Beer duty

52 -1.6431 -1.6580+0.1

Other taxes accruing to the Länder

58+13.0594+11.6705+7.9

Total taxes accruing to the Länder

2,182+17.619,777+3.425,150 -0.2

EU own resources

Customs duties

492+27.13,901 -9.65,450 -4.9

VAT-based own resources

467+9.84,209+10.05,600+5.5

GNI own resources

1,598 -22.613,578 -25.122,010 -4.2

Plastics own resources

118+2.91,065+2.91,410 -0.9

Total EU own resources

2,675 -10.622,753 -16.734,470 -2.7

Federation³

37,581+7.1271,650+4.0375,596+5.5

Länder³

39,590+8.2288,800+3.3394,419+3.1

EU

2,675 -10.622,753 -16.734,470 -2.7

Local authorities’ share of income tax and value added tax

6,327+7.142,768+5.959,193+6.3

Total tax revenue (excluding local authority taxes)

86,173+6.9625,971+2.9863,678+4.1

Tax revenue trends

Total tax revenue

Overall tax revenue (excluding local authority taxes) was up by just under 7% on the year in September 2024 (see the table “2024 trends in tax revenue (excluding local authority taxes)”).

Receipts from joint taxes, which account for the largest share of tax revenue, rose at a slightly faster pace, up by 7½% on the year. Revenue from withholding tax on interest and capital gains continued to post strong growth. Receipts from value added taxes, wages tax and assessed income tax also recorded year-on-year gains in September. In contrast, revenue from corporation tax and non-assessed taxes on earnings was down on the year in September. In cumulative terms, the yield from joint taxes grew by just under 3% on the year in the first nine months of 2024.

Revenue from taxes accruing to the Federation was down by just under 1% on the year in September. Here, receipts from tobacco duty (which have been quite volatile in recent months) posted the most noticeable year-on-year decline. Receipts from motor vehicle tax and electricity duty were also down on the year (in the case of electricity duty, this was due to tax relief measures under the government’s electricity price package). In contrast, energy duty, insurance tax and the solidarity surcharge all posted revenue gains in September. In cumulative terms, revenue from taxes accruing to the Federation was up by roughly 3½% on the year in the first nine months of 2024.

Revenue from taxes accruing to the Länder surged by nearly 18% on the year in the month of September. As in previous months, receipts from real property transfer tax totalled approximately €1.1bn. Due to the low baseline figure from September 2023, this represented a year-on-year gain of about 21%. The yield from inheritance tax grew at a similar rate, also partly due to a relatively low baseline figure from September 2023. Taken cumulatively, revenue from taxes accruing to the Länder increased by roughly 3½% on the year in the first nine months of 2024, similar to the rate of revenue growth for taxes that accrue to the Federation.

Apportionment of tax revenue among the different levels of government

The Federation’s tax receipts (after accounting for supplementary federal grants) were up by approximately 7% on the year in September 2024. The Federation’s take from joint taxes increased at approximately the same rate as overall revenue from joint taxes. This is due, among other things, to the fact that the Federation’s share of VAT revenue in September 2024 was roughly the same as in September 2023, after taking into account the fixed payments that are transferred from the Federation’s share of VAT revenue to the Länder and local authorities in accordance with the Fiscal Equalisation Act (see the table “Apportionment of VAT revenue in September 2024” below). The slight decrease in receipts from federal taxes and the increase in payments of public transport subsidies and supplementary federal grants to the Länder were offset by a decline in transfers of own resources to the EU.

Länder tax receipts (after accounting for supplementary federal grants) were up by roughly 8% on the year in September, slightly outpacing the growth rate posted for the Federation. This outcome reflects the sharp rise in revenue from Länder taxes and the increase in public transport subsidies from the Federation (see above). Local authorities’ take from joint taxes grew by approximately 7% on the year in September, in line with the increase in overall revenue from joint taxes.

Apportionment of VAT revenue in September 2024

In September 2024, revenue from value added taxes was distributed as follows among the Federation, Länder and local authorities:

 FederationLänderLocal authorities

Share of total VAT revenue (€26,949m)
as per section 1 of the Fiscal Equalisation Act (Finanzausgleichsgesetz)

52.8%45.2%2.0%
€14,233m€12,178m€538m

Plus (+) / minus (-):
Fixed payments as per the Fiscal Equalisation Act

-€1,362m+1,162m+€200m

Share after accounting for fixed payments

47.8%49.5%2.7%
€12,871m€13,340m€738m

Further details on specific taxes

Wages tax

Net revenue from wages tax grew by nearly 6% on the year in September 2024. Since child benefit payments (which are financed from wages tax receipts) remained basically unchanged on the year, this net result is attributable solely to the increase in gross wages tax receipts (which were up by just under 5%). The increase in gross receipts was itself driven primarily by ongoing substantial increases in nominal wages, as the effect of tax-free inflation compensation bonuses on year-on-year results continues to fade. Due to the weak state of the economy, the positive impact of employment trends on year-on-year revenue figures continues to decline. In addition, short-time work levels remain elevated.

Assessed income tax and corporation tax

In September, revenue outcomes for both of these taxes were largely driven by prepayments for the current year. In the case of assessed income tax, prepayments were up by about 2% on the year. The revenue administration’s assessment activities added to this gain, because the rise in back-payments significantly outpaced the increase in refunds. Altogether, cash receipts posted a year-on-year gain of about 5%. Research allowance payments financed from assessed income tax receipts remained nearly twice as high as in September 2023. However, at roughly €4m, they had a negligible impact on net results.

In contrast, prepayments of corporation tax for the current year were down by about 4% compared with September 2023. After accounting for appreciable increases in back-payments and refunds for past assessment periods, cash receipts from corporation tax ended up declining by just under 5% on the year in September. Research allowance payments financed from corporation tax revenue increased by around 55% on the year to approximately €56m.

Capital income taxes

Revenue from withholding tax on interest and capital gains was up by nearly 90% on the year in September, similar to the growth rate posted in previous months. In cumulative terms, receipts from this tax increased by nearly 150% on the year in the first nine months of 2024. Growth rates are likely to be somewhat lower in the coming months given the higher baseline figures from last year that will then come into play. The yield from non-assessed taxes on earnings was down slightly by about 1% on the year in September. Revenue from these taxes tends to be lower in September. Taken cumulatively, revenue from non-assessed taxes on earnings fell by approximately 10% on the year in the first nine months of 2024.

Value added taxes

After posting declines in July and August, revenue from value added taxes surged by 13½% on the year in September. In cumulative terms, however, the yield from value added taxes was up by only 2% on the year in the first nine months of 2024. Given the high level of volatility in VAT revenue figures so far this year, September’s sharp increase says little about likely growth rates in the remaining months of 2024. Among the indicators that point to trends in the tax base for value added taxes, nominal retail sales grew in August and were up by about 3% on the year according to the latest data (which is now being reported again by the Federal Statistical Office). If this growth is sustained, retail sales can be expected to lend renewed positive momentum to VAT revenue trends.

Taking a closer look at the taxes that make up overall VAT revenue, the figures for import VAT show a year-on-year gain of about 2% in September. However, given the decline in imports of goods that was recorded in August, growth rates for import VAT can probably be expected to weaken again in the coming months. Revenue from domestic VAT was up by about 17% on the year in September.

to the top

Borrowing and guarantees

Borrowing trends for the Federation in September 2024
in €m
Debt levelBorrowing
(increase)
Debt repayment
(decrease)
Debt levelChange in debt level
(balance)
Interest
31 August 2024SeptemberSeptember30 Septem-
ber 2024
SeptemberSeptember

Total

1,673,53232,300-32,4881,673,345-188-1,056

broken down by purpose

Federal budget

1,529,46826,545-23,7601,532,2542,786-644

Special funds with their own borrowing authorisation
(excluding loan financing)

53,8635,256-4,22854,8901,027-375

Financial Market Stabilisation Fund (loans for expenses pursuant to section 9 (1) of the Stabilisation Fund Act (Stabilisierungsfondsgesetz))

22,664949-1,64521,967-697-158

Investment and Redemption Fund

16,7781,298-1,29816,778--129

Economic Stabilisation Fund (loans for recapitalisation measures pursuant to section 22 of the Stabilisation Fund Act)

63128-65928-

Special fund for the Bundeswehr

13,7902,981-1,28515,4861,696-88

Loan financing

90,200500-4,50086,200-4,000-37

Financial Market Stabilisation Fund (loans for resolution authorities pursuant to section 9 (5) of the Stabilisation Fund Act)

58,300500-58,800500-19

Economic Stabilisation Fund (loans for KfW pursuant to section 23 of the Stabilisation Fund Act)

31,900--4,50027,400-4,500-18
Borrowing trends for the Federation (budget and special funds, excluding loan financing) in September 2024
in €m

 

 

Debt levelBorrowing
(increase)
Debt repayment
(decrease)
Debt levelChange in debt level
(balance)
Interest
31 August 2024SeptemberSeptember30 Septem-
ber 2024
SeptemberSeptember

Total

1,583,33231,800-27,9881,587,1453,812-1,019

broken down by purpose

Federal budget

1,529,46826,545-23,7601,532,2542,786-644

Financial Market Stabilisation Fund (loans for expenses pursuant to section 9 (1) of the Stabilisation Fund Act (Stabilisierungsfondsgesetz))

22,664949-1,64521,967-697-158

Investment and Redemption Fund

16,7781,298-1,29816,778--129

Economic Stabilisation Fund (loans for recapitalisation measures pursuant to section 22 of the Stabilisation Fund Act)

63128-65928-

Special fund for the Bundeswehr

13,7902,981-1,28515,4861,696-88

broken down by debt type

Conventional federal securities

1,448,83432,388-27,9031,453,3184,485-923

30-year federal bonds

362,9752,034-365,0092,034-107

15-year federal bonds

74,9401,459-76,3981,459-58

10-year federal bonds

513,8065,416-519,2225,41665

7-year federal bonds

83,3172,706-86,0232,706129

Federal notes

194,3481,942-196,2901,942-19

Federal Treasury notes

114,4557,089-12,484109,060-5,396-495

Treasury discount papers issued by the Federation

104,99411,742-15,419101,317-3,676-438

Inflation-linked federal securities

59,917-43-59,874-43-11

Green German Federal securities

65,893-544-65,349-544-56

Securitised loans

4,215--854,130-85-48

Other loans and ordinary debts

4,474--4,474--

For information purposes:

Liabilities from the indexing of
inflation-linked federal securities

15,682XX15,641-42X

Reserves in accordance with the Final Payment Financing Act (Schlusszahlungsfinanzierungsgesetz)

15,619XX15,619-X
Guarantees
  Authorised amountAmount allocated as
of 30 September 2024
Amount allocated as
of 30 September 2023
in €bn

Export credit guarantees

140.0110.7114.6

Loans to foreign debtors, foreign direct investment, EIB loans

70.039.139.9

Financial cooperation projects

38.832.533.9

Food stockpiling

0.70.00.0

Domestic guarantees

650.0216.4347.7

International financing institutions

85.075.575.5

Treuhandanstalt successor organisations

1.01.01.0

Interest compensation guarantees

15.015.015.0

to the top

Calendar

Publication schedule¹ of the monthly reports and fiscal data
Monthly reportReporting periodPublication date
November 2024 issueOctober 202421 November 2024
December 2024 issueNovember 202420 December 2024
January 2025 issueDecember 202430 January 2025
February 2025 issueJanuary 202520 February 2025
March 2025 issueFebruary 202520 March 2025
April 2025 issueMarch 202523 April 2025
May 2025 issueApril 202522 May 2025
June 2025 issueMay 202520 June 2025
July 2025 issueJune 202522 July 2025
August 2025 issueJuly 202521 August 2025
September 2025 issueAugust 202523 September 2025
October 2025 issueSeptember 202521 October 2025
November 2025 issueOctober 202520 November 2025
December 2025 issueNovember 202523 December 2025
Key dates on the fiscal and economic policy agenda

23–25 October 2024

Annual meetings of the IMF and World Bank, including a meeting of G20 finance ministers and central bank governors, in Washington, D.C.

4–5 November 2024

Eurogroup and ECOFIN Council meetings in Brussels, Belgium

18–19 November 2024

G20 Heads of State and Government Summit (with the participation of finance ministers) in Rio de Janeiro, Brazil

9–10 December 2024

Eurogroup and ECOFIN Council meetings in Brussels, Belgium

20–21 January 2025

Eurogroup and ECOFIN Council meetings in Brussels, Belgium

17–18 February 2025

Eurogroup and ECOFIN Council meetings in Brussels, Belgium

26–27 February 2025

Meeting of G20 finance ministers and central bank governors in Cape Town, South Africa

10–11 March 2025

Eurogroup and ECOFIN Council meetings in Luxembourg

11–12 April 2025

Eurogroup and ECOFIN Council meetings in Poland