Money Matters - Saxony-Anhalt's local governments borrow additional funds.
The municipalities of Saxony-Anhalt again saw an increase in debt as of the end of 2023, according to an announcement by the Statistical Office in Halle. This figure reached a whopping €3.055 billion, representing a 4.5% jump from the previous year. When it comes to per capita debt, €1,401 was the average in these areas, which is a €63 hike compared to the same time last year.
Interestingly, it appears that the affiliated communities and associations' debts stayed relatively the same. On the other hand, the financial obligations of the districts and district-free cities saw a rise.
Read also:
The debt level in Saxony-Anhalt's municipalities, including the district-free cities, showed a significant increase by 4.5% in 2023, reaching €3.055 billion, as reported by the Statistical Office in Halle. This rise in debt led to an average per capita debt of €1,401 per household in these municipalities, marking a €63 increase compared to the previous year. The financial situation of the affiliated communities and associations, however, remained relatively stable in terms of debt.
