How do we owe |
EUR mil. | Per capita | Per working person | Annual change |
|---|---|---|---|---|
| Bonds and Treasury Bills | 24 936 | 4 591 | 10 760 | 22,3% |
| Treasury Bills | 1 269 | 234 | 548 | 34,9% |
| Government Bonds | 23 667 | 4 358 | 10 213 | 21,7% |
| Loans, financial liabilities, EFSF | 1 991 | 367 | 859 | 7,5% |
| Loans, other financial liabilities | 1 991 | 367 | 859 | 7,5% |
| Guarantees issued for EFSF | 0 | 0 | 0 | n.a. |
| Debts of hospitals | 0 | 0 | 0 | n.a. |
| Deposits in State Treasury | 71 | 13 | 31 | -14,9% |
| Total public debt (Maastricht debt) | 26 998 | 4 971 | 11 650 | 20,9% |
The process of debt accumulation of the state and of the municipalities varies greatly. The state issues government bonds and shor-term treasury bills while local governments are usually leveraged by commercial banks through standard loans. Since 2011 new item has been added - obligations to the EFSF - which raised our debt as well.