The German parliament or Bundestag finalized its 2024 budget on Friday, agreeing to keep the so-called debt brake and borrow around €39 billion ($42.5 billion). After a delay of several weeks, the hard-fought budget was passed and provides for expenditure of €476.8 billion. If borrowing remains at €39 billion, the debt brake would be adhered to again for the first time since the outbreak of the coronavirus pandemic. Germany’s Basic Law aims to limit borrowing but allows for a certain amount of leeway in the event of poor economic expectations. The Bundesrat, or upper house, is expected to give…