Germany is having a budget crisis. With the economy struggling, it's not the best time
Germany is having a budget crisis. With the economy struggling, it's not the best time
Germany is grappling with a budget crisis after a court struck down funding for clean energy projects. Chancellor Olaf Scholz is set to address the issue in a speech to parliament. The government must find cuts in the spending plan for next year. Economists say spending cuts will add to the challenges facing the economy, which is already struggling due to high energy costs and the impact of Russia's gas cutoff. The court ruling could have implications for other spending, potentially totaling 130 billion Euros through 2027.
Germany is grappling with a budget crisis after a court struck down funding for clean energy projects. Chancellor Olaf Scholz is set to address the issue in a speech to parliament. The government must find cuts in the spending plan for next year. Economists say spending cuts will add to the challenges facing the economy, which is already struggling due to high energy costs and the impact of Russia's gas cutoff. The court ruling could have implications for other spending, potentially totaling 130 billion Euros through 2027.