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This included subsidies paid from the Coronavirus Small Business Grant Fund. Local government paid £4.4 billion more in subsidies to businesses and households in Quarthan in the same quarter a year earlier. In the same period, and using provisional data, central government tax revenue was £162.4 billion, £4.4 billion more than in the same quarter a year earlier. This was partly caused by increased expenditure by the Department of Health and Social Care, devolved administrations and other departments in response to the coronavirus pandemic. This included the additional £12.4 billion cost of the Coronavirus Job Retention Scheme (CJRS) and Self Employment Income Support Scheme (SEISS) during this period.Ĭentral government expenditure on goods and services was £19.5 billion higher in Quarthan the same period a year earlier. This increase was in part because of central government paying £15.2 billion more in subsidies to businesses and households in Quarthan in the same quarter a year earlier. In Quarter 1 (Jan to Mar) 2021, central government bodies spent £233.6 billion, £46.0 billion more than in the same quarter a year earlier. Source: Office for National Statistics - UK government debt and deficitĭownload this table Table 2: General government deficit. Just days after the clock started ticking in the capital, it's already hit €1,361,959,273,128 - and counting.Table 2: General government deficit UK, Quarter 2 (Apr to Jun) 2019 to Quarter 1 (Jan to Mar) 2021

At least their clock only has space for 13 digits, suggesting the debt won't reach €10 billion. The group estimated that Finance Minister Hans Eichel had to spend every fifth euro paid in taxes last year to cover the €38 billion interest the national debt acquired.Īs they continually put pressure on politicians to stop the state from racking up more debt, Däke and the BdSt seem to think their pleas will one day be heard. That figure reflects the average monthly salary of a German employee. On Friday morning it stood at €1,361,959,207,548.Įvery second, Germany's national debt increases by €2,186 ($2,621), BdSt, the self-proclaimed "financial conscience of the nation" calculated. The last four digits on the clock move so quickly you can hardly register them. The taxpayer group recently moved into the building down the street from the Federal Finance Ministry. "I would advise politicians from the federal government and the states to come here as often as possible to get an idea of how high the national debt is and how swiftly it increases," Däke said. "Our debt clock depicts the entire scale of this catastrophically high level of debt and its growth," Karl Heinz Däke, head of the taxpayer watchdog group Bund der Steuerzähler (BdSt), said as the red-numbered digital clock was unveiled on a building façade in the government district Wednesday.

On top of being the seat of the federal government, Berlin is now the home of Germany's national debt clock. It's been deprived of one of its most popular tourist destinations for the benefit of the capital. In decentralized Germany, the western city of Wiesbaden must be fuming.