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Germany’s Scholz promises swift budget overhaul in spending fiasco

  • Scholz: 2024 budget decisions to be taken this year
  • Germany set to suspend debt brake
  • Finance minister wants significant “consolidation” in budget
  • Majority of Germans oppose suspending debt brake – poll

BERLIN, Nov 24 (Reuters) – German Chancellor Olaf Scholz promised on Friday to finalise the 2024 budget by the end of this year, in a video message that sought to reassure spooked citizens and investors in Europe’s largest economy after a court ruling tore up its spending plans.

Scholz’s government was forced to freeze most of its new spending commitments…

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