Posted 12/13/2023, 7:00:55 PM
Scholz Government Introduces Budget Cuts to Climate Programs Amid Fiscal Constraints
- German government introduced new 2024 budget after court ruling left hole from improperly transferred COVID fund
- Budget complies with rules against new debt, but makes cuts to climate change programs
- Cuts made to fund to help businesses move toward environmental practices, subsidies reduced for electric vehicles and solar
- Prolonged negotiations over budget put strains on 3-party governing coalition
- Budget crisis and low approval ratings taking political toll on Scholz government