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IHK warns of excessive debt in the city of Düsseldorf
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IHK President Andreas Schmitz commented on the city’s draft budget.
Foto: Bretz, Andreas (abr)
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Düsseldorf The Chamber of Commerce and Industry accepts that the city is in debt. However, she demands that this must be accompanied by great budgetary discipline. The DGB has also commented on the draft budget.
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The Chamber of Commerce and Industry (IHK) is observing the city’s high level of new debt due to the corona crisis with great concern. It is true that politicians want to take out loans for investments for the first time on Thursday, says President Andreas Schmitz. However, this step must be combined with high budget discipline. “Every expenditure and especially every loan must be checked for their necessity.” Otherwise there is a great risk that the goal of a structurally balanced budget by 2025 will not be achieved.
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Schmitz refers, among other things, to estimates according to which the separately reported deficits due to Corona will amount to 1.38 billion euros by 2024. First of all, this does not affect the city’s room for maneuver because of an accounting aid. In 2025, however, the losses must be booked against equity or written off over a maximum of 50 years. Like the Chamber of Crafts, the IHK praises the fact that no tax increases are planned.
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Meanwhile, the German Trade Union Federation (DGB) praises the city’s plans to invest heavily in schools, day-care centers, transport, digital and culture despite the crisis. They would have to remain “at a high level” in the coming years “in order to stimulate the economy in the crisis”, demands the city association chairman Sigrid Wolf. The DGB, on the other hand, criticizes too little effort against the skyrocketing housing prices.
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