FILE PHOTO: Flags flutter outside the Reichstag building, the seat of the German parliament, the Bundestag, in Berlin, Germany May 6, 2025. REUTERS/Fabrizio Bensch/File Photo
BERLIN (Reuters) -Germany's new finance minister has begun intensive preparations for the 2025 and 2026 budgets, with savings sought despite the government giving itself fiscal room by creating a new infrastructure fund, a document seen by Reuters on Monday showed.
After former chancellor Olaf Scholz's coalition collapsed in November, the last government ran out of time to pass the 2025 budget. Germany has instead been operating on a provisional budget since the start of the year.
