The German parliament is preparing to vote on a draft budget that aims to significantly increase government spending, particularly in defense and infrastructure. The budget's increase follows a law passed in March that relaxed the country's debt brake, allowing for greater expenditure amid heightened security concerns from Russia's invasion of Ukraine. The 2025 budget plans to double military spending to 152.8 billion euros by 2029, alongside substantial infrastructure investments. This decision comes after delays caused by national elections and a shift in government leadership, signaling a pivotal change in Germany’s fiscal approach.
The draft budget for 2025 proposes significant increases in government spending, particularly in defense and infrastructure, reflecting a shift in fiscal policy following global security concerns.
With the new budget, Germany plans to substantially increase its military investments, responding to heightened security fears and international pressures regarding defense spending, particularly from the US.
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