German Fin. Minister Lindner: Proposal for 2023 sup. budget to include lifting debt brake

<p>German Finance minister Lindner:</p><ul><li>German Finance Minister Lindner plans to present the supplementary budget for 2023 to the Cabinet next week.</li><li>The decision regarding the 2024 budget will be made after the country has the supplementary budget for 2023 in place.</li></ul><p>Bloomberg reported earlier that the so called debt brake would be abandoned for 2023 due to unaccounted spending following a constitutional court ruling on the use of special funds. The&nbsp;<span>government's actions improperly shifted borrowed money meant for pandemic relief to finance environmental projects and green technology, totaling 60 billion euros ($64.6 billion).<span>&nbsp;</span></span></p><p>There's a proposal to suspend the debt brake for 2023 and reinstate it in 2024, as reported by Handelsblatt earlier.</p>

This article was written by Greg Michalowski at www.forexlive.com.