Germany's ruling coalition leaders agree on 2025 budget
BERLIN, July 5 (Xinhua) -- After weeks of deliberations, Germany's ruling coalition on Friday reached a preliminary agreement on a draft budget for 2025, averting a crisis that threatened to break up Chancellor Olaf Scholz's government.
Friday's agreement also includes initial financial plans for the following years.
Total expenditure in 2025 will amount to 481 billion euros (519.5 billion U.S. dollars),