Olaf Scholz: Finance Minister calls for the extension of Corona aid

Olaf Scholz: Finance Minister calls for the extension of Corona aid

Short-time work and economic aid are to be extended to the end of the year, according to Federal Finance Minister Scholz. The regulations currently apply until the end of September.

Federal Finance Minister Olaf Scholz (SPD) calls for an extension of the Corona aid at least until the end of the year.

“Nobody should stumble shortly before the rescue,” said the SPD chancellor candidate in the newspapers of the Funke media group (Saturday). Aid such as the short-time work regulation and economic aid are limited to September 30th. “I want to extend both of these until the end of the year. We may also have to help one or the other company in the next year. “

Companies that introduce short-time work by September 30th can currently make use of the simplified access conditions for short-time work allowance. If you only had short-time working in the company beforehand, there must be a three-month break in between. A company can therefore register short-time work if at least ten percent of the employees are affected by the loss of work; usually 30 percent. Minus hours do not have to be built up before the short-time work allowance is granted. Temporary workers can also receive short-time work benefits.

Bridging Aid III is currently also decided by the end of September. Companies and the self-employed receive non-repayable subsidies for fixed operational costs – such as rents and leases, interest expenses for loans, expenses for electricity and insurance. Prerequisite: a corona-related drop in sales of at least 30 percent. The comparison value is usually the respective month in the pre-Corona year 2019.

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