www.reuters.com/world/europe/german-parliament-vote-climate-funds-2022-01-27/
BERLIN, Jan 27 (Reuters) – Germany’s lower house on Thursday suspended constitutional limits on new borrowing for another year and approved a supplementary budget to fund investments needed to transition the economy toward carbon neutrality.
The debt-financed supplementary budget of 60 billion euros ($66.92 billion) was passed in a 382-283 vote in the Bundestag where Chancellor Olaf Scholz’s Social Democrats (SPD), the Greens and the pro-business Free Democrats (FDP) have a majority.
The 60 billion euros to be channeled towards the government’s investments in green projects and making the economy fit for the digital age come from unused debt from last year’s budget.
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