German budget lawmakers late Thursday approved the federal government’s delayed finance plan for 2024, which restores a constitutional limit on net new borrowing for the first time since 2019.

The plan foresees net new debt of €39 billion ($42.3 billion) this year, according to documents seen by Bloomberg News. It was signed off by lawmakers in the lower house of parliament’s budget committee, the latest step in a process that should lead to final approval in the upper house in early February.