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In Germany, the budget deficit is projected to reach €172 billion by 2029

July, 28 2025

By 2029, Germany is expected to have a budget deficit of up to €172 billion. The reasons are related to the settlement of tax arrears in federal lands and the reduction of the tax burden for businesses. Such deficit parameters, covering the years 2027-2029, significantly exceed the usual framework of the «need for action» applied in the country's fiscal policy.Financial planning is related to the draft budget for 2026, which will be submitted to the Bundestag by the end of November. Previously, ... Read More

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