Exclusive-German draft budget foresees more than €203 billion in borrowing, document shows

By Sabine SieboldFri, July 3, 2026 at 2:35 PM UTC

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By Sabine Siebold

BERLIN, July 3 (Reuters) - The German draft budget for 2027 foresees borrowing of more than €203 billion ($232.27 billion), up from total borrowing of €196.5 billion in the key targets approved by the government in April, according to the budget draft seen by Reuters on Friday.

This compares with 50.5 billion euros in 2024 under the previous government, before Germany threw off decades of fiscal conservatism last year in an effort to revive its moribund economy.

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($1 = 0.8740 euros)

(Reporting by Sabine Siebold, Maria Martinez and Holger Hansen, Editing by Friederike Heine)

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Source: “AOL Breaking”