Logo

Germany Today

German news in English

Thursday, October 17, 2024

German Cabinet Approves 2025 Budget Amid Controversy

Published: 2024-07-18

The German cabinet has approved the 2025 federal budget, sparking debate across the political spectrum.

Finance Minister Christian Lindner hails it as the start of an economic turnaround, with planned expenditures of 480.6 billion euros, slightly lower than the previous year.

The budget includes a 'growth package' aimed at boosting the economy and adheres to constitutional debt limits.

However, critics like Sahra Wagenknecht argue it wastes taxpayer money on war and uncontrolled migration while neglecting education and healthcare.

The plan faces scrutiny over its reliance on projected economic growth and a 17 billion euro global spending cut.

As the budget moves to parliament for approval, it highlights the ongoing challenges in balancing fiscal responsibility with economic stimulation in Germany.