Finance Minister Lars Klingbeil has closed the 21-billion-euro gap in the 2027 budget. The cabinet is set to approve the budget on July 6.
According to government sources, Klingbeil and his cabinet colleagues have agreed on savings measures. All departmental plans are now complete.
Klingbeil must however draw on a 9.7-billion-euro reserve for 2027. The economic fallout from the Iran war created additional shortfalls.
The 2028 budget gap has been reduced from nearly 30 billion euros. Many of the savings will also ease pressure in the medium term.
