Status: 06/17/2021 10:08 a.m.
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The federal government had provided 150 billion euros for companies as corona aid in grant programs – according to the Ifo Institute, just 24 percent of this was accessed.
Companies in Germany have so far called on much less Corona aid than planned by the federal government. “Only a fraction of the budgeted aid was paid out to the companies affected by the corona pandemic,” said Selina Schulze-Spüntrup, researcher at the Ifo Institute. “That also has to do with the fact that some of the eligibility requirements were formulated quite strictly in order to rule out abuse.”
According to the information, the federal government provided 150 billion euros in grant programs. Of this, 24 percent have so far been accessed. For emergency aid from the federal government, 50 billion euros were estimated, according to Ifo, less than a third of it was used.
Bridging aids were also not exhausted
In the case of the subsequent bridging aid, too, the money paid out was well below the budgeted amount: According to economic researchers, it was 6 percent for bridging aid I, around 10 percent for bridging aid II, and a good 28 percent for bridging aid III.
56 percent of the available funds were paid out of the November aid, 33 percent of the December aid. The state-owned KfW Bank has so far committed 46 billion euros from its special program.
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