- The administrative authority is suggesting a twin budget plan for the years 2025 and 2026.
The government of Rhineland-Palatinate will unveil its proposal for the two-year dual budget on Tuesday (13:00). This proposal has been given the green light by the cabinet prior to its public presentation. The main points of this proposal will be laid out by State President Alexander Schweitzer, Finance Minister Doris Ahnen (both SPD), Family Minister Katharina Binz (Greens), and Economic Minister Daniela Schmitt (FDP). This diverse panel represents the three participating parties of the traffic light coalition.
Following the cabinet's decision, the dual budget proposal will head to the state parliament. Here, the parliament will delve into the numerical details. Once the Budget and Finance Committee has had an in-depth discussion, the parliamentary plenary session, as the ultimate budget decision-maker, will cast the final vote.
The dual budget proposal, approved by the cabinet, will significantly impact the financial sector in Rhineland-Palatinate. After thorough scrutiny by the Budget and Finance Committee, the financial sector will closely monitor the parliament's final approval of the dual budget.
