The German cabinet approved the 2025 government budget and medium-term fiscal plan, which includes a significant increase in net new borrowing to finance the country's military construction. According to the document, this year's budget includes 82 billion euros of net new debt, which will gradually increase to slightly more than 126 billion euros by 2029. In the five years up to 2029, net new loans will total around 500 billion euros.

The German cabinet approved the 2025 government budget and medium-term fiscal plan, which includes a significant increase in net new borrowing to finance the country's military construction. According to the document, this year's budget includes 82 billion euros of net new debt, which will gradually increase to slightly more than 126 billion euros by 2029. In the five years up to 2029, net new loans will total around 500 billion euros.