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According to the Ifo study, only a fraction of the corona aid was called up

2021-06-20T18:48:17.181Z


According to a study by the Ifo Institute, companies have so far only used a fraction of the state's corona aid. This is also due to the strict requirements that they have to meet.


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Closed shop in Flensburg

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According to a study by the Ifo Institute, companies in Germany have so far requested much less corona aid than planned by the federal government.

"Only a fraction of the budgeted aid was paid out to the companies affected by the corona pandemic," said Ifo researcher Selina Schulze-Spüntrup.

"That also has to do with the fact that the eligibility requirements were sometimes formulated quite strictly in order to rule out abuse."

According to the information, the federal government provided 150 billion euros in grant programs.

Of this, 24 percent have so far been accessed.

For emergency aid from the federal government, 50 billion euros were estimated, according to Ifo, less than a third of it was used.

In the case of the subsequent bridging aid, too, the funds disbursed were well below the budgeted amounts.

According to the economic researchers, it was 6 percent for bridging aid I, around 10 percent for bridging aid II, and a good 28 percent for bridging aid III.

56 percent of the available funds were paid out of the November aid, 33 percent of the December aid.

According to Ifo, the state-owned KfW Bank has so far committed 46 billion euros from its special program.

dab / dpa

Source: spiegel

All business articles on 2021-06-20

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