Lübeck fights with 100 million euros in debt: budget crisis threatens!
Lübeck fights with 100 million euros in debt: budget crisis threatens!
Lübeck, Deutschland - On May 28, 2025, the city of Lübeck published its budget report for 2024. The report shows that the municipalities in the north, especially Lübeck, are faced with considerable financial challenges. The annual misalignment is a remarkable 94.7 million euros, of which one third is due to reduced funds from the country. Furthermore, an additional 65 million euros were paid to the pension fund, which further tightened the already tense budget.
The city informed early in 2024 about restructuring and reducing allocations. Despite the forecast declines of trade tax income, Lübeck also records increasing social and youth welfare agents. Compared to planning, the responsible less income expects around 32.7 million euros. In order to compensate for the financial situation, Mayor Jan Lindenau imposed a budget lock.
budget planning for 2025
For the coming year, the city of Lübeck plans to spend a total of 1.2 billion euros. In order to achieve this ambitious goal, debts of around 100 million euros are planned. These debts result from medium-cuts by the federal and state governments and inflation, which has caused additional costs. The Lübeck citizens will decide on the new budget at the end of September.
From the planned expenses, 28 million euros flow to important infrastructure projects, including roads, cycle and footpaths as well as bridges. In addition, 14.5 million euros are planned for schools to further strengthen the educational infrastructure.
measures for consolidation
In order to consolidate the budget in the long term, the city has already developed measures. These targeted steps are necessary to get the difficult framework under control and to take the necessary prioritization. Mayor Lindenau has emphasized that further savings will also be necessary for the 2026 budget.
In the past, other municipalities in Schleswig-Holstein have launched similar projects for budget consolidation. One example is a 11,000 -in -people -bodied community that has started with a potential analysis of household consolidation. This analysis focused on permanent performance and securing investment activity in order to avoid further debt. The success of such measures is also of crucial importance for Lübeck in order to remain financially stable and not to be in the way of the necessary investments.The citizens of Lübeck are faced with a challenging time in which it is necessary to prioritize the expenditure and to find alternative sources of income in order to secure the economic future of the city. The next steps of the citizens will be decisive for how the financial framework in Lübeck will develop.
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| Ort | Lübeck, Deutschland |
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