BERLIN (Reuters) – Germany’s finance minister expects a provisional budget for 2025 to be drawn up by the middle of next year at the earliest, ministerial sources said on Monday.
Chancellor Olaf Scholz’s coalition did not have time to approve the 2025 budget before collapsing in November.
The already prepared project will serve as the basis for the provisional budget for 2025, while waiting for the new government to adopt a final text.
If negotiations to form a coalition following the February 23 elections move forward quickly, it will be possible for parliament to approve the budget on July 11, the sources said, adding, however, that this projection was ambitious. .
Until then, the German government will be able to continue meeting its financial obligations, particularly regarding social security, pensions and defense contracts, without restrictions.
However, ministries are only allowed to spend 45% of allocated funds before the final budget is approved.
(Holger Hansen, written by Maria Martinez; Pauline Foret; edited by Augustin Turpin)
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