Complicated final calculations of Corona aid: Financial expert criticizes bureaucratic madness

Complicated final calculations of Corona aid: Financial expert criticizes bureaucratic madness

According to a report by www.sueddeutsche.de, the complicated final calculations of the Corona aid are criticized. In particular, Erik Schweickert (FDP), chairman of the Economic Committee, expresses concern about the current process for examining aid. Of the 276,000 approved corona aids in the country, only 113,000 final statements have been submitted so far, the Ministry of Economic Affairs announced. A lack of tax advisors and delays on the part of L-Bank have led to dissatisfaction and frustration among those involved. Repayments in almost 2,900 cases and additional payments in around 5,000 cases were also reported. The Ministry of Economic Affairs emphasizes that the reviews are essential to ensure the proper use of funds, especially in view of the enormous sum of over ten billion euros that has flowed into the Baden-Württemberg economy from federal and state funds.

As a financial expert, I have mixed feelings about this situation. On the one hand, it is of course important to ensure that the aid funds are used properly and appropriately. On the other hand, the high number of repayments and delays in processing are worrying. This could lead to liquidity bottlenecks for companies, especially if they rely on the aid funds.

Trust in the applicants is an important point that Schweickert addressed. Instead of micromanaging each individual case, a simplified process with higher lump sums could be considered. This would reduce the burden on tax advisors and lead to faster processing of applications.

In addition, the bad mood among tax advisors could lead to them no longer carrying out the final accounts to the same extent, which would ultimately harm the company. It is important that this process is made more efficient to minimize the economic impact on companies.