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In November 2023, Germany's Federal Constitutional Court (Bundesverfassungsgericht) declared parts of the government's budget policy unconstitutional. Scholz's cabinet had reallocated unspent debt proceeds – originally designated to mitigate the COVID-19 pandemic – to its climate action budget.
The budget, which parliament must approve, will see Germany suspend its constitutionally enshrined debt brake for a fourth year in a row to borrow roughly an extra 45 billion euros as Chancellor ...
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 ...
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.
German Chancellor Olaf Scholz said Saturday he is confident that his troubled government will find a good solution to a budget crisis triggered by a court ruling last month, and promised his ...
Germany's quarrelsome government clinches a deal on the 2025 budget BERLIN (AP) — Germany's quarrelsome governing coalition reached an agreement Friday on details of the country's 2025 budget, weeks after Chancellor Olaf Scholz and top officials clinched an initial deal that then got bogged down in a new dispute, further damaging the ...
FRANKFURT, Germany (AP) — German President Frank-Walter Steinmeier on Friday ordered parliament dissolved and set new elections for Feb. 23 in the wake of the collapse of Chancellor Olaf Scholz's coalition, saying it was the only way to give the country a stable government capable of tackling its problems.
The 18th federal elections in Germany resulted in the re-election of Angela Merkel and her Christian democratic parliamentary group of the parties CDU and CSU, receiving 41.5% of all votes. Following Merkel's first two historically low results, her third campaign marked the CDU/CSU's best result since 1994 and only for the second time in German ...