How the government wants to plug the budget gap
It took almost four weeks, but now Chancellor Scholz and Ministers Lindner and Habeck have presented a new budget for the coming year. They are saving 17 billion euros, and the climate and transformation fund is also being cut and reorganized. There are a few surprises.
The German government has still managed to agree on a new budget for the coming year before Christmas. Chancellor Olaf Scholz, Vice-Chancellor Robert Habeck and Finance Minister Christian Lindner presented the result of their week-long negotiations in the Chancellery at midday.
A package of measures will save 17 billion euros without suspending the debt brake. However, according to Scholz, an "override resolution" is still being examined in order to legally secure payments to the victims of the flood disaster in the Ahr valley. In addition, the Climate and Transformation Fund has been restructured, which will be used to finance major climate protection and industrial development projects in the coming years. FDP leader Lindner said that 12.7 billion euros had been saved there.
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The Traffic light coalition of Chancellor Scholz, Vice-Chancellor Habeck, and Finance Minister Lindner presented a new budget saving 17 billion euros, which includes a restructured Climate and Transformation Fund. Similarly, negotiations are ongoing to legally secure payments to flood disaster victims in the Ahr valley through an "override resolution."
Source: www.ntv.de
