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In September 2024, three state elections in eastern Germany (Thuringia [1 September], Saxony [1 September] and Brandenburg [22 September]) yielded disastrous results for the parties in the federal traffic light coalition. In Thuringia, the SPD received its worst result in any post-war state election, although it held its vote in Saxony and ...
Germany's intensifying budget crisis is hitting Europe's top economy where it hurts most: its reputation as a reliable partner for industry, some of which now fears that Berlin may not stand by ...
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]
To meet the finance ministry's 2024 budget plan, the family ministry said it had proposed halving the annual income limit for couples eligible to receive parental leave compensation to 150,000 ...
Germany's governing coalition reached a deal Wednesday to resolve a budget crisis triggered by a court ruling last month, agreeing to cut some subsidies and spending while stressing that Berlin ...
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.
The federal budget for 2021 is €369.3 billion. [11] With total government spending of €1.76 trillion in 2021, the federal budget comprises only a fraction of total public sector spending in Germany. [12] Germany's budget for the 2005 fiscal year can be found below, which also outlines the basic budget structure.
The traffic light coalition found the off-budget funds to be a convenient tool to reconcile the divergent goals of the three parties: [citation needed] Greens wanted major investments into energy transformation; SPD needed to preserve the social expenditures of the budget; fiscally-conservative FDP required strict adherence to the budget rules.