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Reuters-Coalition Partners Reach Deal On 2025 Draft Budget

GERMANY
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Reuters reporting that according to a gov't source the coalition gov't has agreed on a 2025 draft budget. The agreement comes after months of negotiations between Chancellor Olaf Scholz's centre-left Social Democrats, Economy Minister Robert Habeck's environmentalist Greens and Finace Minister Christian Lindner's pro-business liberal Free Democrats (FDP).

  • The German Press Agency reports "...July 17 is now under discussion for the cabinet decision. In order to meet this deadline, a quick consensus on principles was necessary, as the drafting of the budget law usually takes approximately ten days. The Bundestag will then deal with the budget draft from mid-September, which could be passed in November or December."
  • Reuters: "Lindner said investments are important but they are compatible with respecting the debt brake, which limits government borrowing to 0.35% of gross domestic product.The finance minister is known for his fierce support of the debt brake. A long-awaited package to stimulate an anaemic German economy is also expected with the budget."
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Reuters reporting that according to a gov't source the coalition gov't has agreed on a 2025 draft budget. The agreement comes after months of negotiations between Chancellor Olaf Scholz's centre-left Social Democrats, Economy Minister Robert Habeck's environmentalist Greens and Finace Minister Christian Lindner's pro-business liberal Free Democrats (FDP).

  • The German Press Agency reports "...July 17 is now under discussion for the cabinet decision. In order to meet this deadline, a quick consensus on principles was necessary, as the drafting of the budget law usually takes approximately ten days. The Bundestag will then deal with the budget draft from mid-September, which could be passed in November or December."
  • Reuters: "Lindner said investments are important but they are compatible with respecting the debt brake, which limits government borrowing to 0.35% of gross domestic product.The finance minister is known for his fierce support of the debt brake. A long-awaited package to stimulate an anaemic German economy is also expected with the budget."