Connect with us

Hi, what are you looking for?

Breaking News

Germany lifts spending freeze after budget deal clinched, document shows

BERLIN – Germany’s finance ministry has lifted a freeze on new spending that was imposed more than three weeks ago, according to a letter seen by Reuters on Thursday.

The move comes a day after Germany’s government clinched a last-minute deal on its 2024 budget following weeks of tense talks.

The letter dated Dec. 14 was from State Secretary of Finance Steffen Saebisch to the other government ministries.

“The budget freeze … ordered on Nov. 21, 2023, is hereby lifted with immediate effect,” it read.

The finance ministry added that it nevertheless recommended the “economical use” of funds “in light of the overall budgetary situation.”—Reuters

You May Also Like

Editor’s Choice

[#item_full_content]

Editor’s Choice

[#item_full_content]

Disclaimer: KingOfCashSecrets.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 KingOfCashSecrets. All Rights Reserved.