German Upper House of Parliament Backs Merkel’s 2012 Budget
The budget, which went through the lower house of parliament on Nov. 25, foresees net new borrowing of 26.1 billion euros ($34 billion) to help finance spending of 306.2 billion euros.
While the Bundesrat, which represents Germany’s 16 states, has the right to object to the Berlin-based government’s budget, the Bundestag, Germany’s lower house, can overrule Bundesrat opposition.
To contact the reporter on this story: Rainer Buergin in Berlin at firstname.lastname@example.org
To contact the editor responsible for this story: James Hertling at email@example.com