Germany’s budget committee agreed a 2027 budget with total spending of EUR 561.0
bln and new borrowing of EUR 210.4 bln, the second‑largest post‑WWII after EUR
215.4 bln in 2021. To secure the deal, planned plastic and sugary‑drink taxes
were canceled or deferred and proposed social‑security spending cuts were
shelved or postponed. Core‑budget new borrowing is roughly EUR 123.0 bln; this
excludes additional borrowing authorized last year for infrastructure and
defence. The budget is now ready for parliamentary approval.
