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Saxony plans to spend around 25 billion euros per year

The cabinet meets for a two-day budget retreat.  / Photo: Jan Woitas/dpa
The cabinet meets for a two-day budget retreat. / Photo: Jan Woitas/dpa

"Not all dreams will come true": This sentence was heard several times after the Saxon government's budget meeting. The Free State is facing financially challenging times.

Saxony's government plans to spend around 25 billion euros this year and next. This is according to the cabinet draft for the new double budget. This means that expenditure will remain at the previous level. The aim for the future is to reduce costs and increase revenue, said Minister President Michael Kretschmer (SPD) after the cabinet meeting in Roßwein. It will still be possible to do many things, but there will be fewer than before. It was a matter of setting priorities.

Finance Minister Christian Piwarz (CDU) spoke of a "budget of reason". According to Social Affairs Minister Petra Köpping (SPD), the double budget would not allow all dreams to come true, but it was still an opportunity. The current shortfall of 2.3 billion euros this year and around two billion euros next year is to be closed by, among other things, making full use of the budget equalization reserve.

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