The German government's draft budget for 2027 includes more money for the military and less for everything else, while debt continues to grow rapidly. The Cabinet has approved it, and now it needs to pass in parliament.

Germany's cabinet approved a draft 2027 budget with over €203B in borrowing and €555.4B in spending, reshaping Europe's fiscal landscape and macro outlook

Germany's 2027 budget features €118.7 billion in net new borrowing, up 7% from prior plans, as Europe's largest economy abandons fiscal austerity for