Germany's 2027 budget: A record €561 billion and a mountain of debt
The 2027 federal budget proposal has finally been hammered out and is set for a vote in parliament. What are the government's policy priorities in defense, infrastructure, the economy and social spending?
The German government has approved a 2027 budget of €561 billion ($620 billion), but it is expected to have a €123 billion shortfall. This will require borrowing, bringing the total national debt to over €210 billion, the second-highest level in history. The main drivers of the debt are rising defense spending due to Russia's war against Ukraine, aging population leading to increased social spending, and the need for infrastructure repair and modernization.
Despite the debt concerns, Germany's debt-to-GDP ratio is still lower than that of countries like France and Italy, and well below the US.
Written by urgent.news from DW News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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