Germany passes long-delayed budget with vast new borrowing
Briefly

Germany passes long-delayed budget with vast new borrowing
""places absolute priority on ensuring that economic growth returns to Germany, that jobs here are secured""
""This is the most important issue for the people in this country,""
""bazooka""
German lawmakers passed a delayed 2025 budget that permits additional borrowing to address infrastructure repairs and strengthen the armed forces. The 2025 budget totals €502.5 billion, about €25 billion more than 2024, with new borrowing forecast at €81.8 billion. The budget process stalled after the previous coalition collapsed over public spending, and the government had been operating under emergency measures that limited new commitments. Chancellor Friedrich Merz prioritized increased military and infrastructure investment following February elections. Passage of the budget enables the coalition to begin larger spending programs intended to support growth and secure jobs amid a prolonged economic downturn.
Read at The Local Germany
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