SPD Says No Budget Before Y/E As Gov't Looks For Deal In 8 Dec Meeting

Germany's DPA posts on X: "The German parliament will not have time to vote on the country's 2024 budget before the end of the year, a senior lawmaker from Chancellor Olaf Scholz's Social Democrats writes in a message seen by dpa."

• Comes as Bloomberg reports that following progress in talks on 6 Dec, German Chancellor Olaf Scholz will hold a meeting with Economy Minister Robert Habeck, Finance Minister Christian Lindner and other senior officials regarding the 2024 federal budget on the afternoon of 8 Dec. Ministers have struggled to reach an agreement on how to plug a EUR17bn funding gap identified by Lindner for 2024.
• Without a budget voted through the Bundestag by year-end the gov't would have to put together a provisional spending plan to get through the first months of 2024, potentially dragging the politically-damaging saga into the new year.