Every fourth company in Germany will have to pay corona aid. This comes from the preliminary balance sheet of the German Ministry of Economic Affairs. This is based on a sample of 338,000 applications submitted so far for the final bill. However, 40 percent of companies also receive additional payments from the federal government.
Corona bridging aid to companies suffering massive losses in sales was paid out quickly and in a non-bureaucratic manner – but now the final bill is becoming difficult for many. The actual decline in sales and eligible fixed costs were compared to previously made forecasts. This means that companies whose sales decline was less than expected will now have to dig deep into their pockets.
About 13.1 billion euros were disbursed in emergency aid and 63.3 billion euros for programs such as November, December and restart assistance, according to data from the Ministry of Economic Affairs.
The due date for final accounts was 31 October. However, the Ministry of Economic Affairs said it can be extended till January 31 and maximum till March 31 on request. Therefore these figures remain only interim. The ministry also stressed that no company should be financially distressed by the stringent repayment period.