<p>Berlin: Chancellor Olaf Scholz's three-way alliance has agreed on a budget for 2024, following weeks of negotiations after a court ruling last month threw its finances into disarray, three government sources told <em>Reuters</em> on Wednesday.</p>.<p>The government will present its plans later on Wednesday, the sources said. No details were available yet.</p>.<p>Germany's constitutional court ruled on Nov. 15 the coalition government's decision to re-allocate 60 billion euros ($64.69 billion) of unused debt from the pandemic era to its climate and transformation fund was unconstitutional.</p>.COP28 summit approves deal on transition away from fossil fuels.<p>The ruling forced Scholz's government to suspend a constitutionally enshrined "debt brake" for the 2023 budget and to re-think its 2024 plans as Finance Minister Christian Lindner estimated a funding gap of around 17 billion euros in the 2024 budget of around 450 billion.</p>.<p>During the negotiations in recent weeks, Lindner of the fiscally conservative Free Democrats (FDP) insisted on imposing the debt brake for 2024, which restricts Germany's public deficit to 0.35% of gross domestic product.</p>.<p>But Scholz and Economy Minister Robert Habeck of the Greens wanted the debt brake suspended again in 2024, for the fifth year in a row.</p>
<p>Berlin: Chancellor Olaf Scholz's three-way alliance has agreed on a budget for 2024, following weeks of negotiations after a court ruling last month threw its finances into disarray, three government sources told <em>Reuters</em> on Wednesday.</p>.<p>The government will present its plans later on Wednesday, the sources said. No details were available yet.</p>.<p>Germany's constitutional court ruled on Nov. 15 the coalition government's decision to re-allocate 60 billion euros ($64.69 billion) of unused debt from the pandemic era to its climate and transformation fund was unconstitutional.</p>.COP28 summit approves deal on transition away from fossil fuels.<p>The ruling forced Scholz's government to suspend a constitutionally enshrined "debt brake" for the 2023 budget and to re-think its 2024 plans as Finance Minister Christian Lindner estimated a funding gap of around 17 billion euros in the 2024 budget of around 450 billion.</p>.<p>During the negotiations in recent weeks, Lindner of the fiscally conservative Free Democrats (FDP) insisted on imposing the debt brake for 2024, which restricts Germany's public deficit to 0.35% of gross domestic product.</p>.<p>But Scholz and Economy Minister Robert Habeck of the Greens wanted the debt brake suspended again in 2024, for the fifth year in a row.</p>