Dresden (dpa / sn) – Dresden is sticking to the ban on new borrowing and is also planning 2023/2024 without taking out new loans. According to information from Tuesday, the State Directorate of Saxony (LDS) approved the budget decided by the city council with a decision of April 13th. The volume is around 2.2 billion euros. A total of around 809 million euros is earmarked for investments, alone around 523 million euros – with the focus on school building.
Despite the difficult situation in view of rising prices, Dresden can achieve budgetary balance, the authorities determined. However, planned investments can only be financed by using up existing reserves, which will be used up in 2024. The city was therefore instructed to update its financial planning so that sufficient liquid funds are available to finance the planned payments in the future. Until then, it cannot enter into part of the planned commitments for investments in anticipation of later financial years.
In view of latent budgetary risks, the authority also warned of economical budgetary management in the future. The question of whether the investment program can be continued at the current level and how it should be financed in the future must also be clarified. “The reserves previously used for this will no longer be available in the medium term.”
© dpa-infocom, dpa:230418-99-356235/2
