German Coalition Needs More Time to Agree on 2025 Finance Plan
- Self-imposed July 3 target likely to be pushed back to July 17
- Talks complicated by latest push to boost weak economic growth
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Germany’s ruling coalition will miss a self-imposed deadline of next week to agree on its draft 2025 budget but is still aiming to approve it in cabinet before the end of July.
Talks on next year’s finance plan are especially fraught after Finance Minister Christian Lindner imposed belt-tightening on all ministries except defense. They’ve also been complicated because the government is concurrently drawing up another package of measures designed to lift Germany’s sclerotic rate of economic growth, Lindner said Tuesday at an industry lobby congress in Berlin.