Lawmakers from the outgoing Bundestag are set to discuss a significant spending boost, focusing on reforms to the constitutional "debt brake" that restricts government borrowing. Friedrich Merz, the anticipated next chancellor, expressed intentions to increase defense spending and create a €500 billion fund for infrastructure improvement. These efforts come after national elections as the CDU/CSU bloc negotiates with the Social Democrats to form a governing alliance. Confidence in achieving a two-thirds legislative majority for the proposed constitutional changes marks a strategic move to tackle economic challenges following two years of recession.
The proposed reform would see Germany's constitutional limits on taking on new debt eased in the area of defence and establish a €500 billion fund to upgrade Germany's creaking infrastructure.
The likely next chancellor Friedrich Merz said Tuesday he planned to reform the country's strict constitutional 'debt brake' to pump up defence spending and pursue massive infrastructure investments.
Before coming to an agreement on a coalition, the two sides agreed to try to ram through the changes needed for the spending boost.
Merz and the Social Democrats are keen to push the changes through the current parliament, where they feel confident they can reach the two-thirds majority needed to pass the constitutional change.
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