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Municipality budgets in Germany finished the fiscal year 2013 in total with a surplus of 1.7 bn euro. In addition, the current year their overall budget will conclude with a surplus. However, there are huge differences in the situation of local budgets. Numerous local authorities have serious problems to balance their budget due to structurally overburden expenditures and due to outstanding large dept levels, especially in terms of “Cash Credits”. The Länder have started to set up different bail out mechanisms because they are responsible for the financial reliability of their local authorities.

Kommunale Konsolidierungshilfen der Länder – Fass ohne Boden oder alternativlose Maßnahmen zur Standortrettung?