My regional state (Hessen) held a finance meeting yesterday and announced for 2021....while they had expected added debt to occur....there was NO added debt. The state turned x-amount of revenue and tax collection. HR (public TV for the state) did a decent report over this story.
So here's the odd thing....the state turned around 25.1-billion Euro for 2021 for tax revenue. That actually exceeded 2019 (the year before Covid).
Still having debt from 2020 to recover from? Yes. 2.3-billion Euro.
How things normalized? Well....that story isn't really told and some might sit there and shake their heads over how 2021 went so well.
It can't be via hotels, pubs, bars, discos, or restaurants...because all of those folks reported lousy numbers for 2021.
It can't be via tourism....because the country was partially locked down, and there's marginal numbers for visitors in 2021. So I'd say this is a pretty big mystery how the revenue got 'up'.
Construction and renovation projects? I look around my village and there were a ton of projects being done. Sales of RV vehicles/campers/trailers? That market is still on fire from 2020 and 2021 efforts.
Just one of those things to ponder over a stein of beer.
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