US EditionGreens Criticize Budget Gap of 150 Billion Euros by 2029
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The black and red federal government is starting with a shaky financial course into the legislative period. The Federal Cabinet has approved the draft budget for this year as well as basic figures for 2026-2029. Debt in the high three-digit billion range is to be taken up. Moreover, the planned expenditures do not cover the revenue.
Despite the €850 billion in new debt by 2029, the Green Party has pointed to an enormous €150 billion gap in the federal budget. "The federal government is planning around €850 billion in new debt by 2029 and is shifting programs from the core budget to the special funds—but it still can't cover its own financial plan," said the parliamentary group's budget policy spokesman, Sebastian Schäfer, to the "Rheinische Post" newspaper (Wednesday). "Beh…
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