"We continue to do everything in our power to help companies and jobs in our city. Our budget, which has just been approved by the senate, sets the right framework conditions. We will still have the financial clout to tackle the crisis vigorously," said Andreas Dressel, Senator for Finance.
The budget, passed in mid-October with EU 3 billion in corona emergency loans, allows the senate to maintain the corona protective shield in 2021 and 2022. Apart from effective economic measures in the Hamburg Economic Stabilization Program (HWSP), provisions have also been made for more anti-corona measures and for public companies. After liquidity of around EUR 5 billion lasting until autumn 2020, around EUR 1 billion in aid and economic stimulus measures has been earmarked for 2021/2022.