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Cabinet meets: Will the budget be agreed?

2023-12-06T04:26:45.481Z

Highlights: Cabinet meets: Will the budget be agreed?. It is eagerly awaited whether a compromise of the traffic light leaders on the budget crisis will also be discussed. Chancellor Olaf Scholz (SPD), Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) are struggling to find ways out of the hole in the budget for the coming year. Savings in various fields and the renewed suspension of the debt brake for 2024 are now being discussed.



Status: 06.12.2023, 05:07 a.m.

By: Nail Akkoyun

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There is a billion-dollar hole in the budget for the coming year. The traffic light leaders are struggling to find solutions, while the pressure is steadily growing.

Berlin – The German government will meet for a cabinet meeting on Wednesday. It is eagerly awaited whether a compromise of the traffic light leaders on the budget crisis will also be discussed. Chancellor Olaf Scholz (SPD), Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) are struggling to find ways out of the billion-dollar hole in the budget for the coming year. In order for the budget to be approved before the end of this year, the cabinet would ideally give the green light for the plans on Wednesday.

However, it would also be possible to make a decision in the so-called circular procedure, i.e. in writing. Then first the budget committee and then the Bundestag would deliberate, the latter probably in a special budget week right before Christmas. The Federal Council could approve the plans on 22 December.

Chancellor Olaf Scholz (SPD) is waiting for the start of the 75th meeting of the Federal Cabinet under Scholz in the Chancellery. (Archive photo) © IMAGO/

Traffic light coalition seeks solution to budget debacle: Vote could not take place until January

Lindner estimates the gap in the budget for the coming year at 17 billion euros. It arises from the Karlsruhe budget ruling and the effects on various loan-financed special pots. Savings in various fields and the renewed suspension of the debt brake for 2024 are now being discussed.

With every hour without an agreement, the pressure on the leaders of the traffic light coalition to plug the billion-dollar hole in the budget grows. If it wants to approve the budget for the coming year, a solution must be found in the next few days.

It is also agreed that a political agreement will be reached before Christmas – but then not until January in the Bundestag. Scholz could probably live with that, too. It is possible that the Committee on Budgets could at least fix the budget in a clean-up meeting. (nak/dpa)

Source: merkur

All news articles on 2023-12-06

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