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Lindner Suggests EUR 17B Gap In 2024 Budget

GERMANY
Reuters reports German FM Lindner saying Germany faces a €17B gap in the 2024 budget. It's on the small side of some earlier estimates:
  • Otto Fricke, a member of the Bundestag budget committee for the Free Democrats, saw a range of €14-24B (link).
  • Berenberg also earlier today estimated a shortfall of €30-40B compared with previous plans (link).
  • From Reuters "Germany's constitutional court ruled on Nov. 15 the coalition government's decision to re-allocate 60 billion euros of unused debt from the pandemic era to its climate and transformation fund was unconstitutional."

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