# German government plans supplementary budget for 2024, Bild says Published: 2024-06-13 Category: News Category URL: https://tradingherald.com/category/news/ Meta Title: German Government Plans Supplementary Budget for 2024, Bi... URL: https://tradingherald.com/german-government-plans-supplementary-budget-for-2024-bild-says/ ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsox2m002hwirg5vexoy7l/images/2024-06-12t231704z1lynxmpek5b0ynrtroptp4germany-politics-scholz-scaled-1737040582954-compressed.webp) ## German government plans supplementary budget for 2024, Bild says BERLIN (Reuters) – The [German](https://tradingherald.com/german-inflation-eases-to-6-4-in-august/) government is planning a supplementary budget for the current year with up to 11 billion euros ($11.89 billion) in additional borrowing while respecting the debt brake, newspaper Bild said on Thursday, citing government sources. The ministry of finance informed [budget](https://tradingherald.com/austria-plans-to-bring-budget-deficit-within-3-of-gdp-next-year/) politicians of the coalition government about the plans a few days ago, Bild said. “Something like this is conceivable. But the government has not yet made a concrete decision,” a government source told [Reuters.](https://tradingherald.com/german-retail-sales-dip-more-than-forecast-in-august/) The structural component of the debt brake, a fiscal rule embedded in the German constitution, allows for a limited deficit spending of 0.35% of gross domestic product. Its cyclical component nevertheless allows [additional](https://tradingherald.com/2270-2/) borrowing in economic downturns. Additional borrowing would be possible in 2024 because the economy will grow more modestly than previously expected during [budget](https://tradingherald.com/austria-plans-to-bring-budget-deficit-within-3-of-gdp-next-year/) preparations. “We are monitoring the development of tax revenues and budget implementation and are ready to act at any time,” a spokesperson from the finance ministry told Reuters. ($1 = 0.9253 euros) (Reporting by Maria Martinez and Holger Hansen; Editing by David Gregorio) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---