{
  "id": 19671084,
  "title": "Haushalt: Risiko statt Dividende – so soll die KfW zum Etat beitragen",
  "url": "https://urgent.news/2026/11/12/haushalt-risiko-statt-dividende-so-soll-die-kfw-zum-etat-beitragen",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-12T15:39:12.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/haushalt-risiko-statt-dividende-so-soll-die-kfw-zum-etat-beitragen/100269432.html"
  },
  "original_language": "de",
  "account": "The German government has apparently abandoned its plans to draw on profits from the state-funded development bank, Kreditanstalt für Wiederaufbau (KfW), for the upcoming budget. This would have required amending a law that currently prohibits profit distributions from KfW. Instead, KfW is to mitigate the budget's strain by taking on the risks from loans it issued during the COVID-19 pandemic. According to documents reviewed by the Handelsblatt, the development bank will assume these risks in the coming year, thus relieving the 2027 budget of a €519 million burden. This risk transfer is part of a broader effort for the bank to ramp up its own funding programs to further reduce the federal budget's strain.",
  "summary": "Die Bundesregierung wollte in den Jahren 2027 und 2028 Gewinne von der Förderbank KfW abschöpfen. Dazu hätte sie aber ein Gesetz ändern müssen. Nun zeichnet sich eine Alternative ab.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}