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Germany has announced a plan to address its budget crisis without requiring fresh debt.
The plan involves adopting a special budget to cover the cost of energy subsidies.
The government's spending plans were compromised by a court ruling that violated the constitution.
Scholz says top court's budget ruling means 'new reality' DW 11/28/2023
Germany's coalition government is facing a budget crisis after a ruling by the Constitutional Court on borrowing.
The court ruled that unused pandemic funds cannot be repurposed for climate and green industry projects, causing a gap in government finances.
Chancellor Olaf Scholz admits that his government would have made different decisions if they had known about the ruling earlier.
Germany Announces Special Budget to Avert Crisis
Germany proposes a plan to address its budget crisis without fresh debt.
The plan involves adopting a special budget to cover the cost of energy subsidies.
Details about the plan are scarce.
What happens if Germany can't decide on a budget for 2024?
The German government is facing a budget crisis due to legal challenges against their borrowing plans.
Disagreements over how to fill a 17 billion euro hole in the budget could result in a missed deadline and no official budget for next year.
Germany must 'invest heavily' in green transition despite budget crisis, Scholz says
German Chancellor, Olaf Scholz, plans to invest heavily in the modernization and green transition of Germany's economy.
The government's ability to spend has been curbed due to a budget crisis, but specific details on how they will pay for the investments have not been provided.
Germany Announces Special Budget to Avert Crisis
Germany has announced a plan to address its budget crisis without requiring fresh debt.
The plan involves adopting a special budget to cover the cost of energy subsidies.
The government's spending plans were compromised by a court ruling that violated the constitution.
Scholz says top court's budget ruling means 'new reality' DW 11/28/2023
Germany's coalition government is facing a budget crisis after a ruling by the Constitutional Court on borrowing.
The court ruled that unused pandemic funds cannot be repurposed for climate and green industry projects, causing a gap in government finances.
Chancellor Olaf Scholz admits that his government would have made different decisions if they had known about the ruling earlier.
Germany Announces Special Budget to Avert Crisis
Germany proposes a plan to address its budget crisis without fresh debt.
The plan involves adopting a special budget to cover the cost of energy subsidies.
Details about the plan are scarce.
What happens if Germany can't decide on a budget for 2024?
The German government is facing a budget crisis due to legal challenges against their borrowing plans.
Disagreements over how to fill a 17 billion euro hole in the budget could result in a missed deadline and no official budget for next year.
Germany must 'invest heavily' in green transition despite budget crisis, Scholz says
German Chancellor, Olaf Scholz, plans to invest heavily in the modernization and green transition of Germany's economy.
The government's ability to spend has been curbed due to a budget crisis, but specific details on how they will pay for the investments have not been provided.
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Scholz addresses Bundestag over German budget crisis DW 11/28/2023
German Chancellor Olaf Scholz is addressing lawmakers about his coalition government's budget crisis.
The German government's three-way ruling coalition plans to temporarily extend the lifting of restrictions on borrowing as part of a supplementary budget.
The Karlsruhe-based Constitutional Court's ruling vetoed government plans to use pandemic funds for climate and green industry projects.