Loans: Job centre needs more money from the federal government
Unemployment is likely to continue to rise next year. The Federal Employment Agency wants to secure itself against the higher costs with a higher loan from the federal government.
The German Federal Employment Agency (BA) expects a higher loan requirement from the federal government in 2027 due to persistently high unemployment. The agency currently assumes the previously planned loan amount of 5.2 billion euros will be exceeded, but the exact additional financial need is still unclear. The BA cites high unemployment, with an expected average of 2.997 million unemployed people in 2027, as the reason for the anticipated increased need. The agency's forecast is based on the federal government's autumn projection.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
