US EditionGermany approves 2025 budget, ushering in new era of spending
32 Articles
32 Articles
Germany approves 2025 budget, ushering in new era of spending
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
When the former German chancellor, Social Democrat Olaf Scholz, was not able to move forward with his governing partners with the general budgets of 2025, at the end of last year, he acted accordingly and called for early elections. The new Berlin coalition, this time led by conservative Friedrich Merz in partnership with the Social Democrats of the SPD, has just filled that inexcusable void, succeeding in approving the general budgets of 2025 i…
After a multi-day, controversial debate, Parliament has decided on the federal budget for the current year. The focus is on social affairs and defence.
The Federal Government's large debt package for infrastructure and defence has a major impact on Germany. In the market, the federal government now has to borrow more money from investors.
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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