• AutoTL;DR@lemmings.worldB
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    7 months ago

    This is the best summary I could come up with:


    Germany’s Constitutional Court earlier this month ruled that unused pandemic funds could not be repurposed for climate and green industry projects.

    “With this 2023 supplementary budget, we are dealing with the consequences of the judgment by the Constitutional Court,” Finance Minister Christian Lindner said.

    The debt brake is part of the German constitution and limits the federal government’s structural net borrowing to 0.35% of gross domestic product.

    Finance Minister Christian Lindner last week said he would declare 2023 a year of emergency so as to put the existing spending plans on a “firm constitutional footing.”

    According to a government spokesperson, Berlin is convinced that its 2023 supplementary budget is legally sound, reasoning that high energy prices had made the extension necessary.

    The court’s decision has also cast doubt over the government’s 2024 budget, which Scholz on Friday promised would also be finalized by the end of this year.


    The original article contains 451 words, the summary contains 136 words. Saved 70%. I’m a bot and I’m open source!