PwC State Finance Benchmarking 2013: Bavaria's budget is number one
In its current State Finance Benchmarking, the auditing company PriceWaterhouseCoopers certifies the excellent position of the Free State of Bavaria.
In 2009, the government decided to limit the national debt of Germany. A study conducted by PriceWaterhouseCoopers has now investigated how far the states and municipalities have come on their way to consolidation and which efforts still have to be managed until the year 2020.
According to the study, Bavaria also holds the number one position in the sustainability ranking. With 14.3 per cent, its share for interest and supply of the total financing is the lowest of all other Western German area states. At the same time, the total financing available after interest and supply amounted to 105.5 per cent per inhabitant in 2012 compared to the Western German area states. Bavaria is the only federal state that was able to decrease its grant requirements between 2009 and 2012 by an annual average of three per cent. The decrease of the absolute expenditure by about four billion compared to 2009 has put Bavaria in first place among the German federal states.
You can find more information on the study here.