German government approves budget for 2025 with millions in public investment

EBerlin has already unraveled the budgetary tangle: the German government approved the federal budget for 2025 on Wednesday, the culmination of months of negotiations between the Liberal, Social Democratic and Green parties. Chancellor Olaf Scholz wants to revive an economy that ended 2023 with a decline of 0.2% of GDP. The big focus now is on investment, with a record amount of €78 billion for this purpose, according to Reuters. Germany will also comply with the NATO rule of 2% of GDP for defense spending, while at the same time reducing direct support to Ukraine by half. Negotiations between the parties will continue until the final vote on the proposal in November.

Source: expresso.pt