8 Hrs
Source:
عربية – DW
German Budget at Risk
German economists have warned that current levels of spending and borrowing risk triggering a deep financial crisis, particularly after 2028, as debt costs rise and the population ages. Federal budget spending in 2027 is set to reach a record €561 billion, with around €123 billion in new borrowing and total new debt of €210 billion. The share of the budget devoted to debt servicing is also expected to double by 2030. The economists called for priority to be given to defense, infrastructure and reform of the social insurance system, alongside cuts to spending that does not support growth. Municipalities, meanwhile, called for urgent assistance of €30 billion a year.
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