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Germany's balanced budget amendment, also referred to as the debt brake (German: Schuldenbremse), is a fiscal rule enacted in 2009 by the First Merkel cabinet.The law, which is in Article 109, paragraph 3 and Article 115 of the Basic Law, Germany's constitution, is designed to restrict structural budget deficits at the federal level and limit the issuance of government debt.
A court in Stuttgart convicts a dual Russian-German national of violating export laws by delivering electronic components to Russian firms involved in the production of military equipment from 2020 to 2023 and sentences him to six years and nine months' imprisonment. [73] Germany issues plans to halve its military aid to Ukraine in 2025. [74]
The 2023–2024 German farmers' protests are a series of ongoing nationwide protests and road blockages in Germany organized by farmers and agricultural unions since 18 December 2023. The subjects of the protests are the abolition of tax breaks on farmers and the policies of the federal government.
Budget 2024: Five key tax takeaways at a glance. Albert Toth. October 31, 2024 at 12:52 AM. Rachel Reeves has announced Labour’s first Budget in 14 years, making history as the first female ...
In 2011, the Spanish Parliament proposed a law amending the Spanish Constitution to require a balanced budget at both the national and regional level by 2020. The law states that public debt cannot exceed 60% of GDP, though exceptions would be made in case of a natural catastrophe, economic recession, or other emergencies.
The law of Germany (German: Recht Deutschlands), that being the modern German legal system (German: deutsches Rechtssystem), is a system of civil law which is founded on the principles laid out by the Basic Law for the Federal Republic of Germany, though many of the most important laws, for example most regulations of the civil code (Bürgerliches Gesetzbuch, or BGB) were developed prior to ...
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The Free Democratic Party (FDP) was a member of the cabinet until 7 November 2024 when the three-way coalition collapsed through Scholz's dismissal of FDP Finance Minister Christian Lindner. Scholz announced pursuing a snap election to be held in early 2025. [1] [2] On 16 December 2024, Scholz lost a vote of no confidence.