Germany: Berlin to Propose Increased Investment, Borrowing and Defense Spending in 2026 Budget Plan

The German government is set to approve its 2026 draft budget on July 30, outlining 520.5 billion euros ($607 billion) in spending and record borrowing of 174.3 billion euros ($203 billion) -- up from 50.5 billion euros in 2024 -- alongside a medium-term financial framework extending through 2029, Reuters reported on July 28. ...