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2025-07-30 17:19:59

Germany Approves Draft Expansionary Budget for 2026, Including Record Investment of €126.7 Billion] The German cabinet approved a draft budget for 2026 on Wednesday, planning a record €126.7 billion for infrastructure and defense, while also approving €174.3 billion in borrowing. The budget marks a departure from Germany's long-held fiscal conservatism, aiming to revive economic growth, upgrade aging infrastructure, and increase military spending. Germany has slipped from Europe's leading economy to the bottom of the eurozone's growth rankings.

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