Corona aid: 40 percent of companies receive additional payments
Four out of ten companies that received state aid during the coronavirus pandemic have received a back payment from the federal government. However, just under one in four companies (24%) will have to pay back some of the aid they received, according to the Federal Ministry of Economics. A total of almost 76.5 billion euros in coronavirus aid was paid out.
According to the ministry, the coronavirus aid was paid out "quickly and unbureaucratically to companies whose existence was threatened by a sharp drop in turnover" during the pandemic. The final funding amount was only checked in the final settlement "in order to be able to help quickly".
According to the statement, there were reclaims, for example, if the companies concerned made more turnover than initially assumed. According to the ministry, there were no changes to around a third of the applications submitted. The figures are based on random samples from the 338,000 applications already received for the final settlement. Changes are therefore still possible.
The ministry has granted entrepreneurs and the self-employed who missed the deadline at the end of October a grace period until the end of January 2024. It has also stated that it has worked to ensure that affected companies are granted appropriate conditions for repayment.
The federal government paid out 13.13 billion euros in emergency aid, plus 63.3 billion euros for all other programs such as the bridging aid or the November and December aid.
The total amount of coronavirus aid paid out by the federal government was almost 76.5 billion Euros, which includes back payments to around 40% of the companies that received aid during the pandemic. Despite the quick and unbureaucratic payments made to save companies facing financial crisis due to a sharp drop in turnover, approximately 24% of the companies will need to pay back some of the aid they received.
Source: www.ntv.de
