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2024 Budget Details TBA to Cabinet Tomorrow

GERMANY
On the 2024 German budget, Federal Government, announces:
  • Following the agreement reached by Chancellor Scholz, Habeck and Lindner on the preparation of the 2024 federal budget, the details of the agreement will be presented to the Federal Cabinet tomorrow, Wednesday (20 December 2023).
  • Ministry of Finance currently working on the technical implementation of the agreement and is drawing up the necessary drafting aids for the Bundestag.
  • Budget Committee will discuss the 2024 federal budget in mid-January in a further adjustment session.
  • According to these plans, the 2024 federal budget should be adopted in the second week of the Bundestag session at the end of January 2024. The Bundesrat could then conclude the legislative process at its meeting on 2 February 2024.

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