Federal Finance Minister Lars Klingbeil presented a 2027 budget draft without billion-euro holes on Monday. The 34 billion euro gap was closed through various measures.
The federal cabinet approved the budget on Monday. Klingbeil stressed that the federal government continues to invest at record levels to promote economic growth, jobs and infrastructure.
To close the remaining gap of 21 billion euros, Klingbeil drew on reserves, social funds, the climate fund KTF and stakes such as KfW. Planned pension savings fell from four to one billion euros.
Klingbeil said tough decisions were necessary to put the budget in order. An opposition politician expressed surprise at the tricks chosen.
