Development of the Saxon Budget – an Calculation until the Year 2030

David Bauer, Joachim Ragnitz and Julia Sonnenburg

in ifo Dresden Studien from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: Study commissioned by the Saxon State Ministry of Finance (Sächsisches Staatsministerium der Finanzen) In the future, the budget of the Free State of Saxony is likely to come under massive pressure due to demographic developments. Our revenue and expenditure projections for Saxony show that a structural budget deficit of 1.0 billion euros is to be expected by 2030. There is potential for savings, especially in expenditures for public staff. However, such savings would not fundamentally restrict the provision of public services of Saxony - but they would enormous require political assertiveness.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ifodrs:85

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