Finances - Saarland state parliament adopts double budget for 2024 and 2025
On Monday, the Saarland state parliament passed a double budget for the state for the years 2024 and 2025. The budget provides for expenditure of 5.84 billion euros for 2024 and 5.98 billion euros for 2025. In the current year, the budget volume amounted to 5.4 billion euros. The budget was adopted with the absolute majority of the SPD against the votes of the CDU and AfD.
At a good 2 billion euros each, personnel expenses for the approximately 21,000 state employees will continue to be the largest expenditure item in the next two years. At 1.2 and 1.4 billion euros respectively, the education ministry accounts for the lion's share of expenditure, followed by the social affairs ministry with just under 700 million euros.
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- The opposition parties, including the CDU and AfD, criticized the double budget in the Saarland state parliament, expressing concerns about the government's financial management.
- Despite the criticism, the SPD, being in the majority, successfully pushed for the adoption of the budget, ensuring the continuation of public services and funding for various sectors such as education and social affairs.
- Affluent households in Saarbrücken and other parts of Saarland may witness modest increases in property taxes and other levies as part of the state's efforts to maintain fiscal balance and fund its expenditures outlined in the double budget.
- The implementation of the double budget will require close monitoring of state finances in the coming years, with the state parliament and other fiscal watchdogs keeping a keen eye on the effectiveness of expenditures and potential revenue sources in maintaining fiscal stability in Saarland.
Source: www.stern.de
