German budget committee agrees on 2027 budget
EWG•Germany's budget committee finalised a 2027 budget with €561 billion in spending and €210.4 billion in new borrowing, the second-highest level since World War Two.
1. Budget figures
The committee agreed to €561 billion in spending, including €62 billion in investment spending. Total new borrowing of €210.4 billion was just below the €215.4 billion recorded in 2021; €123 billion is from the core budget.
2. Compromises in package
The agreement followed weeks of negotiations. A planned tax on plastic packaging was scrapped, a tax on sweetened drinks was delayed until 2028, and a proposed electricity tax cut was postponed. Plans to reduce benefits for children in low-income families were also rolled back.
