The German Bundestag is set to vote on a historic bill permitting substantial increases in national debt to enhance military, civil infrastructure, and climate protection. The proposal, supported by the CDU/CSU and SPD, seeks to ease the existing debt brake stipulated in Germany's Basic Law. It allows federal and state governments to borrow funds beyond traditional limits for specific expenditures, particularly defense and civil protection. This legislation aims to strengthen national defense and may also support military assistance to Ukraine amidst global tensions.
This unprecedented bill will allow Germany to take on significant debt for military, civil infrastructure, and climate protection, changing fiscal policy for the future.
The bill eases the debt brake, allowing expenditures necessary for defense to be financed by loans, signaling a new approach to military funding.
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