German parliament to vote on climate funds

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Germany's lower house will on Thursday vote to suspend constitutional limits on new borrowing for another year and approve a supplementary budget to fund investments needed to transition the economy toward carbon neutrality.

Chancellor Olaf Scholz's Social Democrats , the Greens and the pro-business Free Democrats have a comfortable majority in the Bundestag to pass the debt-financed supplementary budget of 60 billion euros .

The conservatives say the funds were earmarked to support the economy during the coronavirus pandemic and should not be spent on other projects.

 

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