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SPD leader optimistic about coalition agreement on federal ...
2024-08-16 14:59:09
Politics
Economy

SPD leader optimistic about coalition agreement on federal budget 2025

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SPD leader, Lars Klingbeil, expects the Ampel coalition to reach an agreement on the federal budget 2025. The coalition faces challenges due to the ruling on the debt brake from 2023. Klingbeil emphasizes the need for investments in various sectors and calls for a focus on schools, infrastructure, rail, motorways, economic strength, and security.

The budget plan for 2025 has a financing gap of around 5 billion euros, which is being addressed through ongoing talks between Chancellor Olaf Scholz, Vice Chancellor Robert Habeck, and Federal Finance Minister Christian Lindner. The cabinet has already approved the budget plan, but further adjustments are needed.

The opposition criticizes the delays and calls for a swift resolution. After long negotiations, the government has reached a compromise on the budget for 2025. Additional measures include increased capital for the Deutsche Bahn and a reduction in the global spending cut.

The revised budget plan will be presented to the Bundestag and Bundesrat for further discussion and approval.

Related news on that topic:

Budget Dispute and Unrest Shadows 2025 Federal Election for ... Light Coalition

A new poll reveals 35% blame the FDP for the budget dispute in the coalition, with 74% believing the coalition will endure until 2025. The budget impasse sees disagreements over €5 billion, with criticism over potential budgetary tricks and doubts on the coalition's efficacy. Robert Habeck's reserved stance amid SPD and FDP disputes raises questions on the Greens' strategy. Concerns over soaring social contributions prompt a warning of financial collapse, urging a cap below 50% by 2035 to prevent a €620 billion burden. The plea for an emergency plan highlights the pressing financial strains on the coalition.

Habeck Expects Coalition's Budget Agreement This Week

Vice Chancellor Robert Habeck expects a resolution to the budget dispute within the week. The Green Party minister envisions a global decrease in spending for each ministry, aiming for a single-digit billion amount. The FDP parliamentary group suggested a 1.5% across-the-board cut. While agreement has not yet been reached, there are ongoing positive and trustworthy discussions. Habeck criticizes Finance Minister Christian Lindner for retracting the coalition's preliminary agreement on the 2025 budget, stating that doing so erodes trust. The leaders of the SPD, Greens, and FDP have been in confidential talks to address a remaining funding gap of five billion euros. The revised budget proposal is expected to be sent to the Bundestag and Bundesrat by the end of the week. The first session week in the Bundestag begins on September 9th, with the budget plan to be discussed. The deadline for submitting the budget proposal is unknown, but it is expected to be completed in time. The FDP has proposed across-the-board cuts and reductions in social benefits, while the SPD and Greens, as well as social organizations and labor unions, oppose these measures.

Read 8 more recent news on this topic

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tz
15. August 2024 um 18:55

"I'm optimistic": SPD leader expects coalition agreement on the federal budget 2025 - still on Thursday

SPD leader Klingbeil expects the coalition of the Ampel (traffic light) parties to reach an agreement on the federal budget 2025 still on Thursday. The ruling of the Federal Constitutional Court on the debt brake from 2023 has posed major challenges for the coalition. At the latest after the federal election in 2025, fiscal policy will have to be redesigned under these conditions. The budget plan for 2025 was already approved by the cabinet in mid-July, but still has a financing gap of around 5..
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16. August 2024 um 08:01

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