Germany's Record-Breaking Budget: Debt, Defense & Welfare
Europe News Today | 2 Min News | The Daily News Now - A podcast by The Daily News Now! - Sâmbătă
Germanys parliamentary budget committee approves a new national budget, totaling around €180 billion in borrowing, the second-highest in history. The core budget is €524.5 billion, with nearly €98 billion in new loans. The Department of Labor and Social Affairs receives the largest share, while defense gets €83 billion for modernization. Opposition parties criticize the budget, and a potential €5 billion gap remains due to reduced industrial electricity prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
