What the VW billion is used for



The country Lower Saxony wants to put the imposed on VW billion bills mainly in fast Internet and in the university hospitals in Hanover and Göttingen. The remaining money should flow into the debt reduction, the rehabilitation of sports facilities and an environmental fund, said Prime Minister Stephan Weil (SPD).

Each 350 million euros are for expanding faster Internet connections and investment in hospitals and universities planned. 100 million euros are also earmarked for the renovation of sports facilities and debt reduction. Another 100 million are to go into a business promotion fund in favor of climate protection, air pollution control and the traffic turnaround.

Although the state of Lower Saxony would still have to pay taxes on the money received, according to Weil but there would be “no substantial” deductions. The term VW billion was still apt.

No structural deficit in the coming year

Because presented the financial plan together with his deputy, Minister of Economy Bernd Althusmann (CDU), and Finance Minister Reinhold Hilbers (CDU).

The prosecutor Braunschweig had in the past week because of the diesel affair the Fine of one billion euros imposed on Volkswagen , The “supervisory duty violations” of the group in the exhaust gas scandal were partly responsible for the fact that a total of 10.7 million vehicles with an impermissible software function were brought into the market, it was justified. The money has already been transferred ,

The parties of the Lower Saxony Landtag had already discussed shortly after the announcement of the amount of the fine, for which Money should be used , At that time, the Chairman of the Lower Saxony Judicial Union (NRA), Frank Bornemann, had called for investment in the judiciary, Green Party leader Anja Piel proposed the promotion of the mobility turnaround.

Overall, the country plans to spend 32.9 billion euros next year, according to the draft budget, and will be without a structural deficit for the first time.