German budget committee agrees 2027 budget
TLT•Germany’s budget committee finalised the 2027 budget, including more than 200 billion euros ($221.56 billion) in new borrowing, the second-highest level since World War Two.
1. Borrowing and negotiations
The committee agreed the package in the early hours of Friday after weeks of negotiations. Plans for taxes on plastics and sweetened drinks, as well as cuts to social security, were dropped or delayed to secure agreement.
