Saxony-Anhalt: Minister of Finance: Stadtwerke's liquidity is secured

Magdeburg (dpa/sa) - Saxony-Anhalt's Finance Minister Michael Richter (CDU) sees the liquidity of the municipal utilities in Saxony-Anhalt as secure.

Saxony-Anhalt: Minister of Finance: Stadtwerke's liquidity is secured

Magdeburg (dpa/sa) - Saxony-Anhalt's Finance Minister Michael Richter (CDU) sees the liquidity of the municipal utilities in Saxony-Anhalt as secure. The state would help in emergencies with loans through the investment bank, Richter said on Wednesday in the state parliament. "We secure liquidity." The same applies to municipal housing cooperatives.

In view of rising energy costs, there had recently been calls for a protective shield for municipal utilities and municipal companies. Among other things, Saxony-Anhalt's cities and municipalities wrote to Prime Minister Reiner Haseloff (CDU) and asked for support. The municipalities fear that the energy and housing companies will find themselves in financial distress due to rent arrears or the failure to pay operating costs, which could result in major liquidity problems. Richter emphasized that it is currently not known how the further development of the energy market and how high the losses would be.

The Minister of Finance currently sees no liquidity bottlenecks in the municipalities themselves. Districts, cities and municipalities would also have the opportunity to take out loans. For example, you could apply for interest-free loans from the state’s so-called equalization fund.

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