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Saxony-Anhalt’s towns meet financial reporting deadlines with record submissions

From lagging to leading: How Saxony-Anhalt’s cities turned the tide on financial accountability. No municipality left behind in the 2021 reporting rush.

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2025 December 24 . 5:31 PM

1 min read

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Communes catch up in annual closings - Saxony-Anhalt’s towns meet financial reporting deadlines with record submissions

Municipalities in Saxony-Anhalt have made progress in submitting their financial reports. By the end of September 2022, 1,918 annual statements for years up to 2021 had been filed. This marks an increase from the previous year, when only 1,724 reports were received by the same deadline.

Since 2013, local authorities in Saxony-Anhalt have followed a new accrual-based budgeting system. Under this approach, they must prepare an opening balance sheet and updated annual financial statements.

The latest figures show that around 86% of the required reports were submitted by the September 2022 cutoff. No cities or municipalities in the region still had outstanding statements for years up to and including 2021, according to available records.

The rise in submissions suggests improved compliance with financial reporting rules. With all 2021 statements accounted for, local governments appear to be meeting their obligations more consistently. The system continues to push for greater transparency in municipal money management.