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What you need to know
- German cabinet due to sign off on 2025 draft budget
- Germany is set to invest record sums in defense and infrastructure
- Defense spending to hit 2.4% of gross domestic product
- Germany has had a provisional budget since the start of the year after collapse of government last year hampered plans
This blog brings you the latest on the draft budget discussions as well as other major updates from Germany on Tuesday, June 24:
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Guten Tag! German Finance Minister Lars Klingbeil is set to present the first draft of the 2025 budget.
The budget this year was delayed because of national elections in February, and comes after Germany's parliament voted this March in favor of a major fiscal package that includes changes to debt policies to enable greater spending on defense as well as €500 billion infrastructure fund.
We'll bring you the latest news, including announcements from a press conference scheduled to take place 10:45 a.m. (0845 GMT/UTC).
https://p.dw.com/p/4wM4O
