On Tuesday, the Bundestag is set to vote on a significant bill that will permit Germany to achieve unprecedented levels of debt. This bill will enable the investment in military, civil infrastructure, and climate protection, over the next few years. All 16 federal states will also be allowed to incur limited amounts of debt in the future. This historic move, initiated by the CDU/CSU and SPD, and supported by the opposition Green Party, could also lead to extensive financial consequences. The proposal includes a relaxation of the debt restrictions for both the federal government and states, special funds for infrastructure, and investments that exceed 10% of the federal budget, alongside significant criticisms and concerns about the increased national debt and its impact on financial markets.

Source: https://www.dw.com/en/germany-s-one-trillion-new-debt-would-impact-on-europe/a-71949959?maca=en-rss-en-all-1573-rdf