Night meeting in the budget committee: budget for 2027 is in place
Debts rise to more than 200 billion euros, electricity tax reduction remains open
Quick Look
- The Bundestag's Budget Committee has approved a federal budget with spending of around 560.9 billion euros for 2027.
- Net borrowing in the core budget is almost 123 billion euros, and total debt is likely to be over 200 billion euros.
- A reduction in the electricity tax has not yet been financed and will be clarified at the coalition committee on Tuesday.
AI-generated summary
Why It Matters
After recent changes, the Bundestag's Budget Committee has approved a federal budget with expenditure of around 560.9 billion euros. Net borrowing in the core budget is almost 123 billion euros. The final vote in the Bundestag is planned for the week of the session from November 24th to 27th.
The federal budget for the coming year is in place - at least provisionally. After the latest changes, the Bundestag's budget committee approved a budget with spending of around 560.9 billion euros early this morning. This means that the federal government will be able to spend more money next year than ever before.
However, it remains unclear whether the coalition can finance a reduction in electricity taxes for everyone. This could still be submitted to the Bundestag during the budget week.
Debts rise to more than 200 billion euros
In the core budget, the committee decided on net borrowing of almost 123 billion euros. That's around four billion euros more than was planned in the federal government's first draft. In addition, there are credit-financed investments from special funds for infrastructure and the Bundeswehr, so that the total debt is likely to add up to more than 200 billion euros.
Electricity tax reduction still not financed
Whether the reduction in electricity tax pushed by Chancellor Friedrich Merz (CDU) will still come will be clarified at the coalition committee on Tuesday. The Union and the SPD have not found any funding for this in the budget negotiations so far. The project from the coalition agreement would cost around five billion euros, but it would only provide a few euros in relief for citizens.
The Bundestag is scheduled to finally vote on the budget during the week of its session from November 24th to 27th. The budget determines how much money the individual ministries can spend in 2027 and which projects will be financed with it.
What to Watch
AI outlook — possibilities, not facts
The Bundestag will finally vote on the budget during the week of its session from November 24th to 27th.
Very likely · Within days
The coalition committee will clarify the financing of the electricity tax reduction on Tuesday.
Likely · Within days
Open Questions
- Will the electricity tax reduction be financed and implemented?
- Which specific ministries receive which budget allocations?
- Which special funds for infrastructure and the Bundeswehr are exactly meant?
