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Kommunalfinanzen in Zeiten steigender Zinsen

Author

Listed:
  • Brand Stephan
  • Salzgeber Johannes

Abstract

Rising interest rates will impact municipal budgets in Germany by increasing the cost of loans and making it more difficult to finance necessary investments in infrastructure and transformation. While most municipalities should have sufficient leeway to deal with higher interest rates, highly indebted municipalities may be strongly affected by rising interest rates. In these municipalities, interest costs are increasing strongly, budgetary margins are narrower anyway, and these municipalities are more dependent on loans to finance their investments. Rising interest rates thus once again reveal the unresolved and fundamental challenges for the municipal financial system in Germany.

Suggested Citation

  • Brand Stephan & Salzgeber Johannes, 2023. "Kommunalfinanzen in Zeiten steigender Zinsen," Wirtschaftsdienst, Sciendo, vol. 103(1), pages 55-61, January.
    • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:1:p:55-61:n:17
    DOI: 10.2478/wd-2023-0017
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    Cited by:

    1. Jessen, Robin & Schmidt, Torsten & Christofzik, Désirée I. & Isaak, Niklas & Kirsch, Florian, 2023. "Inflation und kommunale Schuldentragfähigkeit. Projektbericht im Auftrag des Ministerium für Heimat, Kommunales, Bau und Digitalisierung des Landes Nordrhein-Westfalen," RWI Projektberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, number 281078.

    More about this item

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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