Saxony's Minister President Michael Kretschmer (CDU) has prepared the state for difficult times ahead. At the start of the final consultations on Saxony's double budget, he referred to the three-year recession in Germany. The fact that the state's income from taxes and levies is not sufficient to complete its mandatory tasks has not been seen in the past 35 years.
According to Kretschmer, Saxony will manage without new debt in the budget for 2025 and 2026. However, when drawing up the 2027/2028 double budget, which will begin next year, Saxony will once again be faced with the dilemma of whether to use the instrument made possible by the amended Basic Law. "The sooner Berlin succeeds in setting the course for growth, the smaller the problem will be," he said.
