The Finance Ministry anticipates that the budget for 2025 will not be ready until July, following the federal election. The draft budget requires approval from the Cabinet, Bundestag, and Bundesrat.
If coalition negotiations progress swiftly, the budget could be finalized by July 11, just before the summer recess. Until then, ministries are limited to utilizing only 45% of the existing budget, although exceptions can be made for legally binding obligations with necessary approvals.
Key social benefits such as citizen income, pensions, child benefits, and planned construction projects will continue uninterrupted. The new government, emerging post-election, may enjoy increased financial flexibility without violating debt limits, allowing for ongoing investments and social programs.
Meanwhile, Hamburg's budget discussions are set to commence, reflecting a significant increase in proposed expenditures for the upcoming years.
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