Munich in debt throat: Record debt threatens until 2028!

Munich in debt throat: Record debt threatens until 2028!

München, Deutschland - The city of Munich is facing a financial test. The budget adopted shows that by 2028 there is a risk of worrying debt of almost 12 billion euros. Although the revenue with 9.3 billion euros increases compared to expenditure of 9.1 billion euros, the money is not enough to lift large investments. Mayor Dieter Reiter (SPD) emphasizes that the city has to adjust to a savings course to enable structural changes in the household, such as Merkur.de reported.

Despite the alarming number of new debt, the city plans to invest further investments of over 3 billion euros in 2025. These funds should flow primarily into education, local public transport and housing. The city council expects a surplus of 156 million euros for 2025, but without the austerity measures decided, the budget would not have been approved, such as tz.de . Commercidists Christoph Frey confirms that despite the financial challenges, the city cannot and does not want to do without necessary investments in order to keep the quality of life in Munich at a high level.

high expectations and demands of the opposition

The opposition sharply criticizes the current budget strategy. CSU boss Manuel Pretzl accuses the city government of putting the city into a precarious financial situation, while the FDP asks for more say in the budget design. In this tense situation, Munich will continue to have to initiate numerous projects in the social and social field, even if the discussion about savings due to the oppressive debt burden gains driving.