Germany’s ruling center-left coalition has managed to strike a political deal on the federal budget for 2024, government, The agreement comes after a court ruling threw government finances into disarray and exposed deep rifts between the three governing parties. Germany’s constitutional court ruled on November 15 that the coalition government’s decision to reallocate €60 billion ($64.69 billion) of unused debt from the COVID-19 pandemic era to its climate and transformation fund was unconstitutional. The ruling limited the government’s ability to set up and draw money from off-budget special funds to circumvent the constitutional “debt brake,” which restricts the annual public deficit to 0.35% of Germany’s total economic output. Is the Germany economic output on the decline ?

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