The German cabinet has approved the draft of the 2025 budget and mid-term financial plan.

The German cabinet has approved the government budget and medium-term fiscal plan for 2025, which includes a significant increase in net borrowing to provide funds for the country's military construction. According to the documents, this year's budget includes 82 billion euros in net new debt, gradually increasing to slightly above 126 billion euros by 2029. Over the five years leading up to 2029, the total amount of net new borrowing will reach approximately 500 billion euros.