Germany is heading for a severe budget crisis due to rising costs and increasing public debt.
This was reported by the German publication Olam on Sunday, citing leading economists in the region.
Earlier, the Bundestag committee, after almost 16 hours of discussion, approved the draft budget for 2027. According to this project, public spending will reach a record level of 560.9 billion euros. At the same time, the scope of the new debt for 2027 will be about 210 billion euros.
Considering that in the second quarter of 2026, Germany's public debt reached 2.75 trillion euros, the German public debt will exceed 3 trillion euros by the beginning of 2028, and the interest payments on the debt may reach 100 billion euros already next year (depending on the bond yield).