Germany's budget committee interrupts 2024 budget deliberations - panel members

FILE PHOTO: Dark clouds are seen over the Reichstag building, Germany’s seat of the lower house of parliament Bundestag in Berlin, Germany, November 10, 2023. REUTERS/Liesa Johannssen/File Photo

BERLIN (Reuters) - Germany's budget committee interrupted final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a constitutional court ruling threw negotiations into disarray.

Germany's ruling coalition is scrambling to fix a large hole in its finances after a court ruling blocked the government from transferring 60 billion euros ($65 billion) in unused funds from the pandemic towards green initiatives and industry support.