Europe's biggest economy is set to cut spending and borrowing substantially next year.
In the €445bn German budget plan for 2024, spending was down €31bn compared with last year—a cut of 6.5 percent.
This will bring government spending to within Germany's constitutional debt brake, which restricts the federal government deficit to 0.35 percent.
"We need to learn to get by with the revenues that the citizens provide us with," German finance minister Christian Lindner said ...
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Already a member? Login hereWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.