Germany is on its way to a budget crisis due to rising costs and increasing debt, the German publication Olam reports on Sunday.
According to this draft budget, government spending will reach a peak of 560.9 billion euros. The scope of the new debt for 2027 will be approximately 210 billion euros.
The German national debt will exceed 3 trillion euros by early 2028, and interest payments on the debt may reach 100 billion euros next year.
German Chancellor Friedrich Merz reported on the difficult economic situation in Germany and explained the acceleration in the growth rate of the public debt in concern for the climate and the unity of the European Union and NATO: We created a federal fund to achieve climate neutrality and develop infrastructure in this way.