Berlin – German Finance Minister Lars Klingbeil is optimistic that the EU Commission will approve an exemption for Germany from debt regulations concerning defense expenditure. “There are absolutely no concerns that this will not be activated,” he stated in Berlin. Recently, the EU Commission provided exemptions to various nations, but Germany was not among them due to the federal government not submitting a medium-term budget plan yet.
Klingbeil indicated that submission can only occur following budget approval. He intends to present his budget proposals for 2025, along with key figures for the 2026 budget, to the cabinet on June 24. Subsequently, the Bundestag and Bundesrat will discuss it.
The exemption from EU debt rules aims to facilitate increased investments in defense: it would allow the government to incur new loans for military enhancement without the risk of violating EU regulations. This is crucial for Germany, particularly as the national debt brake has recently been eased for defense spending. (June 12)
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