German Chancellor Olaf Scholz and Finance Minister Christian Lindner are thrashing out a plan to close a €20 billion shortfall in the 2024 budget with expenditure cuts in all departments except defence - a move which risks angering their coalition partners, the Greens. Scholz and Lindner have agreed to spending reductions of 2% to 3% for almost all ministries, people familiar with the plans said, speaking on condition of anonymity. That's enough to deliver about half of the savings required, but they are still to decide on how to find the rest of the money.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-23-story-h-269752259-Scholz_plots_20b_of_budget_cuts_in_snub_to_Greens

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