German Coalition Seals Budget Deal After Weeks of Wrangling

Reported about 1 year ago

Germany’s ruling coalition, comprised of Social Democrats, Greens, and Free Democrats, finalized an agreement on a €481 billion budget for the following year, along with economic stimulus measures, after overcoming weeks of disagreements. This deal, led by Chancellor Olaf Scholz, Economy Minister Robert Habeck, and Finance Minister Christian Lindner, aims to address various challenges such as Russia's war on Ukraine, climate change, and rising extremism in Europe, with priorities including security, social cohesion, tax relief, climate protection, and economic growth.

Source: YAHOO

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