“The budget committee of the Bundestag approved the draft state budget for the next year, in which 11.5 billion euros have been laid down to support Ukraine.”, — write: www.pravda.com.ua
Illustrative photo: Getty Images Source: “European truth” with reference to Welt
Details: After last-minute amendments, the Bundestag’s budget committee approved a budget of around 524.5 billion euros in spending in the early hours of the morning – 4 billion euros more than the federal government had planned. This is possible only if the level of debt is high.
Advertising:
An even more significant change came on new borrowing, with the committee giving the green light to nearly €98bn in borrowing in the main budget alone – €8bn more than the federal government had planned in its original draft.
This is on top of billions in loans from special funds for the armed forces and infrastructure, so that the new debt will eventually amount to more than 180 billion euros. Despite this, the debt brake enshrined in the Basic Law will still be respected thanks to the relaxations passed this year.
Among the latest amendments, the largest was proposed by the Ministry of Finance itself: Ukraine will receive an additional 3 billion euros for artillery, drones, armored vehicles, as well as for the replacement of two Patriot missile systems. This increases aid to Ukraine from 8.5 to 11.5 billion euros.
According to the Ministry of Defense, this is the largest contribution to date to strengthening the defense capabilities of the country that was attacked by Russia. This was made possible by the easing of debt limits on defense spending.
The Bundestag is due to make a final decision on the 2026 budget during the session week of November 25-28. However, the so-called conciliation meeting of the powerful budget committee is already considered a crucial step on the way to parliamentary approval.
As reported, the circle of German Chancellor Friedrich Mertz believes that will be able to cope with the calls the opposition to stop supporting Ukraine against the background of investigators’ data on Ukraine’s involvement in undermining the Nord Stream gas pipelines.
We will remind:
German investigators believe that a group of Ukrainians who allegedly blew up the Nord Stream gas pipelines in the Baltic Sea operated under the leadership of the then Commander-in-Chief Valery Zaluzhny.