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The German government approved the 2027 budget worth $634.2 billion, including new borrowing of up to $232.5 billion, aimed at boosting spending on defense and investment. The plan includes increasing defense expenditure to $124.5 billion, with $13.2 billion allocated to support Ukraine. There are projections to raise defense spending to more than $216.9 billion by 2030. The government is seeking to strengthen the economy and implement measures to finance the increase, despite a future funding gap approaching $124.5 billion.
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