Skip next section Germany eased strict debt limits in landmark reform this March — what to know
06/24/2025June 24, 2025
Germany eased strict debt limits in landmark reform this March — what to know
Germany’s upper house of parliament in March passed a reform of the country’s borrowing rules and a €500 billion ($542 billion) fund to revamp its infrastructure and revive Europe’s largest economy.
The constitutional amendment to loosen the allows for de-facto unlimited spending on defense and security.
Germany’s draft budget includes net new debt of €82 billion, which will rise progressively to just over €126 billion in 2029, according to Bloomberg news.
Before the March change, the German parliament suspended the debt brake in times like the COVID-19 pandemic and during Russian invasion of Ukraine.
https://p.dw.com/p/4wM4Q
Skip next section Germany’s 2025 budget set to be sent to parliament after cabinet meeting
06/24/2025June 24, 2025
Germany’s 2025 budget set to be sent to parliament after cabinet meeting
After Tuesday’s Cabinet meeting, the 2025 budget is set to be introduced in the Bundestag, Germany’s lower house of parliament. The final approval is due this September.
The plans for 2026 are due to be agreed in full by the Cabinet in late July before a vote in the Bundestag by the end of the year.
https://p.dw.com/p/4wM4W
Skip next section Welcome to our coverage06/24/2025June 24, 2025
Welcome to our coverage
Guten Tag! German Finance Minister Lars Klingbeil is set to present the first draft of the 2025 budget.
The budget this year was delayed because of national elections in February, and comes after Germany’s parliament voted this March in favor of a major fiscal package that includes changes to debt policies to enable greater spending on defense as well as €500 billion infrastructure fund.
We’ll bring you the latest news, including announcements from a press conference scheduled to take place 10:45 a.m. (0845 GMT/UTC).
https://p.dw.com/p/4wM4O
The post Germany updates: Cabinet to sign off on 2025 draft budget appeared first on Deutsche Welle.
