US EditionMunicipalities Slip Into Record Lows with 24.8 Billion Euros
16 Articles
16 Articles
kreiszeitung.de
The deficit has more than tripled. Some regions, such as North Rhine-Westphalia, are falling further and further infrastructurally.
Is Germany's Financial Situation Out of Control? Municipalities and the Federal Government in Crisis
Not only in the budget of the Federal Government, but also in the cash registers of countries and municipalities, the revenues and expenditures differ widely, which could have serious political consequences.
Over the past year, the cities and municipalities throughout the Federal Republic of Germany have gained more. Nevertheless, the bottom line is a record deficit. This is due to rising social expenditure and personnel costs.
According to a study, the financial deficit of German cities and municipalities is greater than ever before.
The cities and municipalities in Germany were able to take more money in 2024. However, because of rising personnel costs and social spending, they are getting deeper and deeper into the red figures.
Despite increased revenues of plus five percent, the cities and municipalities in Germany are becoming increasingly negative. According to a study by the Bertelsmann Stiftung, the forecast is also negative.
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