Wiesbaden. Hessen has to save. The State of Hesse’s annual report in 2024 has an annual misalignment of around seven billion euros. “The reason for this is falling tax revenue with increasing personnel costs. The budget situation is extremely tense,” said the Ministry of Finance in Wiesbaden. Finance Minister Alexander Lorz (CDU) said: “Consolidate, invest consciously”: The title of the annual report is in a nutshell. We act responsibly by consolidating our finances and investing specifically where it is particularly important for the future of our country. “According to Lorz invest. But in view of the dwindling financial scope, it is now important to work with the existing staff as best as possible: “We have to take advantage of digitization and procedure.” In parallel to the state budget, Hessen’s annual report in 2024, like a company, shows the state’s asset, income and financial situation according to commercial criteria. This group balance sheet also includes future financial burdens. Finance Minister Lorz explained: “Unfortunately, Hessen is and remains an exception with his annual report in Germany. Only he offers a complete overview of the finances.” For example, this balance sheet also takes special funds into account. These are often financed by debt. (dpa)
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