Germany's 2027 Budget Plan Points to Nearly €200bn in Net Borrowing as Defense and Weaker Growth Raise Needs
Germany's draft budget for 2027 sets net funding needs at €196.5 billion, or roughly 4.3% of GDP, marking an increase versus 2026 and prior medium-term forecasts. Analysis from BofA Global Research attributes about half of the rise to a faster ramp-up in defense spending and the remainder to cyclical weakness. Berlin faces an estimated €20 billion …