ifo Dresden berichtet 1/2021
ifo Institut, Dresden, 2021
The Burden of Corona Debt - What Burdens Will Federal State Budgets Face in the Coming Years?
The German federal states have approved credit authorizations of around 116 billion euros by mid-December 2020 in response to the Corona pandemic. The German federal states not only differ greatly in terms of the amount of the credit authorizations, but also in the corresponding plans for repaying the credits. The planned repayment periods range from less than ten to a maximum of 50 years. Saxony in particular faces considerable spending constraints in the coming years, with annual repayments of just under five percent of planned spending in 2020. A projection calculation shows that most federal states are likely to return to their 2019 debt-to-GDP ratios within the next five to ten years. However, the main driver here is economic growth rather than repayments. Thus, there does not appear to be any immediate threat to the sustainability of federal state budgets from the borrowing authorizations adopted so far, provided that the economy quickly returns to its pre-crisis growth path.
Remo Nitschke
Articles included
The Burden of Corona Debt - What Burdens Will Federal State Budgets Face in the Coming Years?
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 03-09
Lighthouses with Long Shadows: Former GDR District Towns Still Have Almost 50,000 More Inhabitants Today
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 10-13
Corona Pandemic, Excess Mortality and the Lockdown of the Economy
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 14-21
ifo Economic Forecast for Eastern Germany and Saxony Winter 2020: Recovery of the East German Economy Takes Longer than Expected
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 22-27
EU Structural Funds: How Regional Growth and Modified Rules Affect the Funding Landscape
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 28-32
The Impact of the Corona Pandemic on Economic Sectors in 2020 in Eastern Germany and Germany as a whole
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 33-35
Budget Preparation in Saxony under the Impact of the Corona Pandemic
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 36-38
ifo Business Climate Eastern Germany and Saxony
ifo Institut, Dresden, 2021
ifo Dresden berichtet, 2021, 28, Nr. 1, 39-41