Hessen shines: record budget of almost 5 billion euros for 2024!

Hessen shines: record budget of almost 5 billion euros for 2024!

The budget qualification for 2024 was recently presented by Hesse's finance minister R. Alexander Lorz. Hessen can look at a gratifying development in his finances: improvements of almost 900 million euros have been achieved. These funds should be used in particular to absorb tax failures in the household of 2025. Despite this progress, the new debt for 2024 remains almost unchanged at around 2.8 billion euros, which is also in accordance with the requirements of the debt brake, which allows new debts to impose tax failures.

Investments in Hesse will reach a record of over 2.8 billion euros in the coming year. In addition, the country plans to raise an additional 2 billion euros to increase the participation in the Landesbank Helaba. These investments are part of a larger plan that provides a total of almost 5 billion euros for the development of the country. The municipalities also benefit from these budget measures; For 2024, they receive almost 7 billion euros from the municipal financial equalization, which is considered the maximum value. In addition, Hessen pays more than 3.7 billion euros to poorer federal states in financial strength compensation, which the government sees as a major challenge.

supplementary budget 2024

In another important decision, the supplementary budget 2024 was adopted in the third reading in the Hessian state parliament. The focus of this budget is on an immediate program, which is equipped with a total of 200 million euros in order to strengthen the economy and the municipalities in particular. Lorz emphasizes that the budget is financed by shifting and no additional positions are created. This is in accordance with the realignment of the state government, which was taken over in mid -January 2024.

The new state government supplemented the double budget already decided in January 2023 and thus set the first focus. The supplementary budget complies with the requirements of the debt brake and achieves a so -called "black zero" in the places, while 420 places are re -assigned without the overall stock increasing. However, the forecasts for the further development of tax revenue are worrying. The May tax assessment provides for a failure of 631 million euros for 2024, with similarly high losses in the following years.

economic challenge and outlook

The economic weakness phase that Germany currently shapes has an immediate impact on budget planning in Hesse. The federal government only expects minimal growth of 0.3 percent for 2024, which could increase the existing challenges. Therefore, Lorz emphasizes the urgency of measures by the future federal government. In this situation, it is important to find the right balance between consolidation and targeted investments in order to secure the country's financial stability.

Developments in the Hessian budget represent both opportunities and challenges. The state government now sees itself as responsibility to shape a sustainable financial policy that takes into account the needs of the citizens and the framework of the economy. It remains to be seen how the economic framework is developing and what measures are ultimately taken to achieve the goals.