KfW chief economist Dirk Schumacher: “The financial situation of municipalities has never been as bad as it is today”
High deficits, growing cash loans, greater investment backlog - this is what the KfW Municipal Panel 2026 shows. Chief economist Schumacher on municipalities that are no longer able to maintain their existing buildings despite investments.
Hohe Defizite, wachsende Kassenkredite, größerer Investitionsrückstand – das zeigt das KfW-Kommunalpanel 2026. Chefökonom Schumacher über Kommunen, die es trotz Investitionen nicht mehr schaffen, den Bestand zu erhalten.