German Budget Deficit Fix Targets Lower Savings
The CDU and SPD have been negotiating since Sunday regarding spending cuts for the next two years. A government spokesperson stated that consultations are now moving toward an agreement. The negotiations aim to address a 2.9 billion Euro deficit that must be balanced. The black-red minority government in Dresden requires opposition votes to pass the budget. German parties are negotiating a budget deficit fix that proposes total savings of 16.3 billion euros.
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Sources · 7 independent
MDR Aktuell
“CDU und SPD verhandeln seit Sonntag über Einsparungen in den kommenden beiden Jahren. Grund ist ein Defizit von 2,9 Milliarden Euro, das ausgeglichen werden muss.”
NDR Info
“Einsparungen von insgesamt 16,3 Milliarden Euro vorgesehen, statt ursprünglich 19,6 Milliarden.”
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