Germany’s Bundestag will debate major infrastructure spending and defence funding reforms from 13 March, with a vote set for 18 March. Key parties negotiate over debt rule changes and a €500 billion fund.
Germany's lower house of parliament will discuss an increase in infrastructure spending and significant changes to state borrowing regulations to enhance defence funding from 13 March, according to two parliamentary sources cited by Reuters on Thursday.
The Bundestag is set to vote on the proposed reforms on 18 March, the sources added.
The conservatives and the centre-left SPD, currently engaged in coalition negotiations following last month’s election, will require a two-thirds majority in parliament to pass their plans to amend the debt brake and establish a €500 billion fund for infrastructure.
The Greens have stated they will negotiate firmly before potentially offering their crucial support for debt reforms aimed at revitalising the struggling economy and increasing defence expenditure.
The pro-business FDP will also back greater defence spending but has made it clear that it will not endorse a dedicated fund for infrastructure.
Read next
21:06
Germany’s election winner Friedrich Merz and the SPD have wrapped up preliminary coalition talks, pledging stricter migration controls and economic reforms. Merz aims to finalise the deal by Easter, stressing Europe must strengthen itself amid shifting U.S. policies under Donald Trump.
15:15
Germany
Germany announced on Tuesday that it is stopping new development aid to Rwanda and reviewing its existing commitments, citing concerns over Rwanda’s role in the conflict in the neighboring Democratic Republic of Congo.
23:01
Germany’s conservatives and Social Democrats announced plans on Tuesday to create a €500 billion fund for infrastructure and adjust borrowing rules to allow for a major increase in defence spending.
21:15
Saab
Sweden’s defence and aviation company Saab has secured a 1.7 billion crown (approximately $159 million) contract from Germany to modernise and maintain the Taurus KEPD 350 cruise missiles for a ten-year period extending to 2035.
16:59
Mannheim
In a disturbing incident on Monday, a vehicle reportedly drove into a crowd of pedestrians in Mannheim, leaving several injured and potentially claiming at least one life, according to eyewitnesses and local media reports.
What is your opinion on this topic?
Leave the first comment