German lawmakers approve huge 2026 budget with billions in new debt
Germany’s budget for 2026 was approved by lawmakers in the lower house of parliament on Friday, with expenditure of €525 billion ($608 billion).
The plans include more than €180 billion in borrowing, greater than at any time in German history other than during the coronavirus pandemic.
“This budget once again has record investments,” said Finance Minister Lars Klingbeil during the debate in parliament. “However, it is also important that the investments now flow quickly,” added the Social Democrat, who is also vice chancellor.
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Source: https://finance.yahoo.com/news/germany-unveils-debt-laden-budget-100651022.html