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To: Ironyman who wrote (45342)	11/27/1999 12:16:00 PM
From: lorne	Read Replies (1) \| Respond to of 116790

German parliament finally passes 2000 budget The lower house of German parliament, the Bundestag, on Friday finally passed the government's controversial budget for next year which entails 30 billion marks (15.34 billion euros, 15.6 billion dollars) of public spending cuts. After several days of often fierce debate, the bill was approved by 321 votes to 283 votes. Under the 2000 budget, public spending will amount to 478.8 billion marks next year, 1.4 percent less than the current year. New borrowing will be kept to 49.5 billion marks, the first time that figure has been below 50 billion marks since 1992. The debate again highlighted the fundamental differences between the government and the opposition. The governing Social Democratic SPD and environmentalist Green parties reiterated their position that the budget would help reduce public debt without raising taxes. The opposition Christian Union CDU and CSU parties argued that the measures would not really tackle the high level of unemployment. voila.co.uk