Saxony's minority government now wants to get down to substantive work quickly following the adoption of the double budget by the state parliament. It is a matter of tackling the ambitious coalition agreement and completing homework, said SPD party leader Henning Homann in Dresden. In his view, the most urgent task is to get the agreed Saxony Fund off the ground. It will initially manage the money from the federal government's special fund.
SPD: 2027/2028 budget not without new debt
The Saxon government would like to use the funds primarily for hospitals, disaster control and the Southwest Saxony Master Plan for structural change in the region, which is dominated by the automotive industry. Saxony intends to manage without borrowing in the current double budget for 2025/2026. However, Homann assumes that there will be no way around borrowing for the 2027/2028 budget. It will not be possible without new borrowing.
