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Analyses |
| Aleksandra Kozaczyńska
The federal budget for 2026, adopted by the Bundestag, envisages expenditure of €524.5 billion – €21.5 billion more than in 2025 (see ‘Germany’s budget: increased investment and debt’) – made possible by further increases in borrowing,…
Analyses |
| Michał Bogusz, Lidia Gibadło, Aleksandra Kozaczyńska
In the second half of November, Vice Chancellor and Finance Minister Lars Klingbeil (SPD) became the first politician from the current CDU/CSU-SPD government to visit China and Singapore. In Beijing, accompanied by representatives of…
Analyses |
| Aleksandra Kozaczyńska
After nine months of operating under a provisional financial plan, on 18 September the Bundestag adopted the federal budget for 2025. The delay was a consequence of the collapse of the SPD–Greens–FDP government in autumn 2024, triggered by…
Analyses |
| Aleksandra Kozaczyńska
The central element of the new investment programme in Germany will be tax incentives for companies. Between 2025 and 2027, these will take the form of declining-balance depreciation of movable fixed assets, and, starting in 2028, a…
Analyses |
| Lidia Gibadło, Aleksandra Kozaczyńska
On 4 March, the CDU/CSU and the SPD, which are expected to form the new government, reached an agreement on a package of financial measures for defence and infrastructure.
Analyses |
| Aleksandra Kozaczyńska
In 2024, the United States was Germany’s most important trading partner, with a trade volume of €253.4 billion and a surplus of €70 billion (see table). The US thus surpassed the previous leader, China (€254.2 billion in trade volume in…