Object

Rights:

The Polish Institute of International Affairs (PISM)

Abstract:

Germany's government, established in May this year, has a new financial package at its disposal. It was approved in March by the Bundestag of the passing term by amending the Basic Law with votes of the new coalition: The Christian Democratic Union (CDU) with the Christian Social Union (CSU) and the Social Democratic Party of Germany (SPD), with the support of the Greens. Part of the compromise that made the package possible is a special fund advocated by the Social Democrats with a budget of €500 billion to strengthen investment in infrastructure and climate protection. The exception to counting military spending above 1% of GDP as part of the deficit is intended to enable the modernisation of the Bundeswehr. This fits in with the European Commission's (EC) decisions to exempt defence spending from the excessive deficit procedure and will help strengthen the European part of NATO, which is in Poland's interest.

Place of Publishing:

Warsaw

Digitisation Sponsor:

The Polish Institute of International Affairs (PISM)

Publisher:

The Polish Institute of International Affairs (PISM)

Issued:

2025.05.15

Format:

PDF

Extent:

526 KB

Identifier:

oai:digit.pism.pl:4667

Source:

PISM Bulletin no. 56 (2557), 2025

Language:

eng

Is Version Of:

Biuletyn PISM nr 56 (3059), 2025

Rights Holder:

The Polish Institute of International Affairs (PISM)

Location of Physical Object:

Library of the Polish Institute of International Affairs (PISM)