Bundestag Approves 2024 State Budget Including €7.6 Billion in Military Aid for Ukraine

This decision, reached during the February 2 meeting, saw 388 members of the ruling coalition vote in favor, with 279 against. The overall budget allows for expenditures up to €476.81 billion, with net borrowings capped at €39.03 billion. The Bundesrat is expected to promptly endorse the Bundestag's decision. This budget approval comes after a delay caused by a Federal Constitutional Court ruling in November 2023, which identified a significant financial gap due to restrictions on using funds from the Economic Stabilization Fund. The revised budget underwent intense debate over four days, with discussions for each ministry and department. This financial plan underlines Germany's ongoing commitment to support Ukraine amidst its conflict, including plans for 2024 to supply air defense systems, tanks, ammunition, and, notably, six Sea King Mk41 multipurpose helicopters with spare parts starting the second quarter of 2024.