Federal Council deals with supplementary budget 2023 in special session
Therefore, almost 45 billion euros of additional debt must now be written into the 2023 budget. This requires the suspension of the debt brake in the Basic Law once again this year. The supplementary budget is the only item on the agenda of the special session on Thursday. The Bundestag still has to give its final approval to the bill next week - after which it could be finally discussed in the Bundesrat on December 15.
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The Federal Council is responsible for addressing the supplementary budget 2023, which includes an additional debt of nearly 45 billion euros. This necessitates the Federal Constitutional Court's approval for suspending the debt brake in the Basic Law once more this year. The Federal Cabinet will discuss this matter in a special meeting. The approval of the Bundestag is required for the bill next week, followed by potential discussion in the Bundesrat on December 15. With the Federal Government dealing with this issue in 2023, it is crucial for itself to ensure a balanced financial plan.
Source: www.stern.de
