Germany’s debt ratio seen reaching 78.25% of GDP by 2030

what happened

Germany’s debt is projected to reach 78.25% of gross domestic product in 2030, Newsmetry API reports, citing the country’s Stability Council. The body, which coordinates federal and state finances, issued the forecast on Monday. The ratio stood at just 62.8% in 2025.

Under the EU’s Maastricht Treaty, the budget deficit should remain below 3% of GDP, while overall government debt should not exceed 60%. The deficit is expected to increase from 2.9% last year to 5.25% next year. By 2030, it is still forecast to equal 4.5% of economic output.

Borrowing is expanding because of a €500 billion ($559 billion) infrastructure fund and more flexible borrowing rules for defence spending. After the Stability Council meeting, German Finance Minister Lars Klingbeil said: “After years of stagnation, an economic recovery is beginning to emerge.” He added that investment is supporting the economy following years of weak growth. Exchange rate: $1 = 0.8949 euros.

why it matters

The projected debt and deficit levels would put Germany further above the Maastricht reference values. For markets, the figures underscore the importance of fiscal policy, infrastructure outlays and defence investment for the outlook for German government bonds and the euro.

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