German Cabinet approves a lower 2024 budget as it eyes a return to financial ‘normality’

BERLIN (AP) – As Europe’s largest economy sticks to rules to limit borrowing halted by the coronavirus pandemic, the German cabinet on Wednesday sees an exception for spending cuts, including defense, in 2024. Approved the budget. The government’s plan calls for spending of €445.7 billion ($486 billion), 6.4% below the €476.3 billion expected to be […]