German parliament approves 2024 budget.

The German Parliament has approved the 2024 budget, maintaining the debt brake and allowing for approximately €39 billion ($42.5 billion) in borrowing. The budget provides for expenditures of €476.8 billion, which would be the first time since the pandemic that the debt brake is adhered to. The German Parliament's approval comes after several weeks of delay and intense negotiation over the 2024 budget.

February 02, 2024
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