The CDU, CSU, and SPD are negotiating a coalition to tackle a €130 billion budget shortfall over the next four years. Economists estimate an additional €400 billion is necessary for military enhancements and up to €500 billion for infrastructure improvements. To address these needs, they propose exempting defense spending from debt limits and creating a €500 billion special fund for infrastructure. This new financial strategy includes allowing federal states to incur debt for investments, aiming to clear backlog deficits in national infrastructure.
As the CDU chairman and likely next chancellor Friedrich Merz stated, 'In view of the threats to our freedom and peace on our continent, whatever it takes must now also apply to our defense.'
SPD leader Lars Klingbeil emphasized, 'We are finally clearing the investment backlog in our country,' highlighting the urgency and necessity of addressing national infrastructure.
#german-politics #budget-negotiations #coalition-government #defense-spending #infrastructure-development
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