Budget deficit in Magdeburg amounts to 57 million euros

Struggling Finances: Magdeburg City Faces Deficit of €57 Million in the Upcoming Year | Our Site

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2025 September 19 . 3:01 PM

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Financial predicament in Magdeburg: Budget deficit reaches 57 million euros

Budget deficit in Magdeburg amounts to 57 million euros

Magdeburg Faces Record Deficit, Plans for Reduced Investments

Magdeburg, the state capital, is bracing for a challenging financial year ahead as it anticipates a record deficit of approximately 57 million euros. The city administration has announced plans to reduce investments to around 90 million euros for the coming year, in an attempt to mitigate the financial strain.

The deficit is largely attributed to high social spending, with the city hoping for effects through various measures such as the introduction of the accommodation tax, increased parking fees, and a continued restrictive personnel policy. However, it seems that there are hardly any more savings potential to cut personnel costs in Magdeburg, as the city is already operating with a lean workforce.

In an effort to balance the books, the city has called on the state to continue supporting municipalities financially. This plea comes amidst an ongoing email affair scandal, with OB Borris accused of corruption, which has further complicated the city's financial situation.

Looking ahead to the 2026 state election, Eva von Angern is expected to lead the Left party. The city administration has yet to announce specific measures to minimize deficits in the coming years, with the search results not providing any concrete information on this matter.

Despite the bleak financial outlook, Magdeburg continues to press on. With around 500 positions in the administration currently unfilled, the city does not expect to balance its budget in the coming years. However, the resilient spirit of Magdeburg remains undeterred, as the city continues to strive for a brighter future.