Home » Business » Finance Minister Gerald Heere Repays 254 Million Euro Debt with Corona Special Fund

Finance Minister Gerald Heere Repays 254 Million Euro Debt with Corona Special Fund

Gerald Heere, Finance Minister, has obtained a decision in the cabinet to pay off debts. 254 million euros, which were still provided for in the previous Corona special fund, are no longer needed and are therefore used to repay the previous loan liabilities. These are loans that were taken out through the emergency provisions of the state constitution and basic law. According to a ruling by the Federal Constitutional Court in 2023, strict conditions are attached to such loans. Heere now declared that the repatriation was good and right. “Every euro of the emergency loans that we can repay early gives us freedom for the future. Because from this year we will begin the scheduled repayment of these loans over a period of 25 years.” According to the state government, the Corona special fund still contains 1.3 billion euros, which is intended to finance compensation, legal obligations and steps to strengthen health care . The state government emphasizes that this money was provided from its own resources and not from emergency loans. Therefore, the strict ruling from Karlsruhe in 2023 does not apply to the amount.

2024-02-13 20:57:29
#Corona #special #fund #debt #repayment

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