How much public sector spent?

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How much we owe

EUR mil. Per capita Per working person Annual change
Annual debt increase 4 667 859 2 014 25,9%
Total public debt (Maastricht debt) 26 998 4 971 11 650 20,9%

Table description

Public debt incurres whenever the state institutions or local administration spends more money than they collect on taxes from the citizens or gain from the sale of assets. When expenses are higher than revenues the deficit arises and it is covered by the government money derived from the sale of bonds. The new deficit increases the existing public debt.