German Coalition Ends Weeks of Squabbling With 2025 Budget Deal
- Scholz’s alliance also agrees on new package to boost growth
- Draft finance plan heads to parliament for lawmaker scrutiny
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Germany’s ruling coalition sealed a delayed agreement on a €481 billion ($521 billion) budget for next year and new measures to boost the economy, ending weeks of wrangling that had raised questions about the three-party alliance’s ability to govern.
Social Democrat Chancellor Olaf Scholz, Economy Minister Robert Habeck of the Greens and Free Democrat Finance Minister Christian Lindner cemented the accord during a latest round of talks that began on Thursday and dragged into Friday morning. The draft finance plan now faces a bruising passage through parliament, with some coalition members still deeply unhappy with the cuts forced on them by the fiscally hawkish Lindner.