How do we owe |
EUR mil. | Per capita | Per working person | Annual change |
|---|---|---|---|---|
| Bonds and Treasury Bills | 27 052 | 4 981 | 11 673 | 8,5% |
| Treasury Bills | 1 137 | 209 | 491 | -10,4% |
| Government Bonds | 25 915 | 4 772 | 11 182 | 9,5% |
| Loans, financial liabilities, EFSF | 2 758 | 508 | 1 190 | 38,5% |
| Loans, other financial liabilities | 2 485 | 458 | 1 072 | 24,8% |
| Guarantees issued for EFSF | 173 | 32 | 74 | n.a. |
| Debts of hospitals | 100 | 18 | 43 | n.a. |
| Deposits in State Treasury | 101 | 19 | 43 | 41,9% |
| Total public debt (Maastricht debt) | 29 911 | 5 507 | 12 907 | 10,8% |
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.