The state of Bavaria increased its subsidy of the Haus der Kunst’s program to €4,400,000 ($5,000,000) this year, up from €3,200,000 ($3,660,000) in 2017, but Spies noted that this increase was still not enough to cover recent expenditures. He noted that the museum’s previous artistic director, Chris Dercon, left it with €1,500,000 ($1,715,000) in capital, and that the institution now has a €500,000 ($572,000) deficit.
Enwezor has vigorously defended his track record, telling The Art Newspaper that the museum was in a financially stable place when he left its day-to-day operations in late 2017.
“There was nothing wrong with the finances of Haus der Kunst up to the end of 2017,” he said, adding, “I am shocked but not surprised that the enormous amount of work I did in Munich with a lot of sacrifice on a lot of levels should be besmirched.”
Spies said he aims to right Haus der Kunst’s finances this year. He also noted that the institution’s planned €150,000,000 ($171,500,000) renovation, scheduled to begin in 2020, will not be affected because most of the funding is being provided directly by Bavaria’s state government.