Germany's parliament has approved the 2024 budget, which adheres to the country's strict debt brake rules. The approval follows months of intense negotiations and a legal ruling that required Chancellor Olaf Scholz to revise his spending plans. The budget, totaling 477 billion euros, includes controversial cuts such as reduced subsidies for farmers, specifically in agricultural diesel. These cuts have led to significant discontent among the farming community. Looking ahead, the government faces a challenging task for the 2025 budget, with a need to address a 20 billion euro gap to comply with the debt brake. Additionally, Germany’s climate and transformation fund is projected to have a shortfall of up to €10.8 billion next year, which could jeopardize the nation's greenhouse gas emissions reduction targets.
Germany’s three-party coalition already stumbled over this year’s budget — the prospects for 2025 look even worse https://t.co/8MSxINupJD
Germany’s climate and transformation fund faces a shortfall of as much as €10 billion next year, casting doubt on the nation’s goal for curbing greenhouse gas emissions https://t.co/loPIVjmvQ2
Germany’s budget chaos leaves green-energy projects in limbo https://t.co/q287ZuCLBi via @petrasorge @Kowalcze https://t.co/XQHwF658yj
Germany’s climate and transformation fund faces a shortfall of as much as €10 billion ($10.8 billion) next year, casting doubt on the nation’s goal for curbing greenhouse gas emissions https://t.co/BIKRn6CBsH
Germany reduced subsidies for farmers The Bundestag approved the reconstructed budget for 2024. This will affect the controversial cut in agricultural diesel subsidies, which has angered farmers. The latest budget amounts to 477 billion euros, while the new debt level will be… https://t.co/Ezq1y2KdsO
Germany's parliament on Friday approved a revised 2024 budget that will reinstate strict debt limits after a shock legal ruling forced Chancellor Olaf Scholz to redraw his spending plans. https://t.co/r4EJtT4hVG
⚠️ GERMANY'S LOWER HOUSE OF PARLIAMENT APPROVES 2024 BUDGET (Reuters) Germany's lower house of parliament on Friday approved the 2024 budget, sticking to its self-imposed debt brake. The budget concludes months of tense negotiation over Germany's 2024 spending. Europe's top… https://t.co/q6wdzgnLcP
Good Morning from #Germany where parliament is about to pass a hard-fought budget for 2024, BUT the battered 3-party-coalition is heading for next budget disaster. Setting up 2025 budget will be even more tricky than this year. Govt must plug €20bn gap to comply w/debt brake… https://t.co/gcPlGOJa4r
Germany’s battered coalition is heading for its next budget disaster https://t.co/jvlOgBnXNn via @KowalczeKamil https://t.co/WmOTEfS17L
Germany’s coalition already clashed over this year’s budget — the prospects for 2025 look even worse https://t.co/aoO2ZLcAdE