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The Saxon State Budget

Detailed view of the tiled image underneath the gables of the ministerial building: Fortuna (l.) empties her cornucopia for Saxonia, the content of which is needed for the state budget.

Detailed view of the tiled image underneath the gables of the ministerial building: Fortuna (l.) empties her cornucopia for Saxonia, the content of which is needed for the state budget.
(© Rainer Boehme)

No Money no Honey!

Future generations will only be guaranteed to be left a solid financial basis without an unpayable mountain of debts if we create an investment rate in line with development, and in conjunction with as little as possible new debts. That is why the Saxon state government practices a sustainable financial policy.

The Saxon Two-Year Budget

Saxony has been developing a two-year state budget to be passed by the cabinet since 1999. The biennial budget is then introduced to the Saxon parliament for discussion and decision. It passes into law, once the parliament is in agreement.

Medium-Term Fiscal Planning

The Saxon State Ministry of Finance creates a medium-term fiscal plan each year. The role of this fiscal plan is to account for possible developments beyond the current time horizon, and to provide a certain flexibility for political movement for the Saxon state government by planning official spending carefully.

Marginalspalte


Illustration

© Institution