Germany: Record debt and a seismic policy shift

AI Summary

Germany plans to increase military funding while cutting other expenditures amid rising national debt in its draft budget for 2027. The budget has Cabinet approval and awaits parliamentary passage, reflecting a major policy shift.

More money for the military, less for everything else, while debt continues to grow rapidly: such is Germany's draft budget for 2027. The Cabinet has approved it, now it needs to pass in parliament.