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Short-time work will already cost six billion euros in 2021

2021-03-17T12:05:14.995Z


The costs of short-time work in Germany are rising rapidly. The regular budget of the federal agency for 2021 is now almost used up. The federal government now has to inject more money.


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Federal agency for work

Photo: Daniel Karmann / DPA

The Federal Employment Agency (BA) had already spent six billion euros on short-time work benefits and the reimbursement of social security contributions to companies by mid-March.

"This means that the budget for short-time work planned last year has already been exhausted this month," said the BA.

The further payment of the short-time allowance is not restricted by this.

Because the BA approved additional funds at the end of February.

The authority expects short-time work to total around 12.5 billion euros for the entire year.

The federal government assumes the additional expenditure for corona-related short-time work.

Specifically, 3.6 billion euros were spent on short-time work benefits - and 2.4 billion euros on reimbursement of social security contributions.

BA boss Detlef Scheele assumes around 2.6 million short-time workers in January.

An annual average of 1.1 million people are likely to be on short-time work.

Icon: The mirror

ssu / Reuters

Source: spiegel

All business articles on 2021-03-17

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