???? The Financial Times reports: Germany is cutting citizens' expenses for the military: the country's budget deficit will reach 170 billion euros, but Berlin is prepared to cut spending in all areas except defense and infrastructure.
???? German Finance Minister Lars Klingbeil believes that the expected budget deficit is a serious issue for the ruling coalition. Considering that it was once the largest economy in Europe, it is particularly important that it is "investing huge amounts of money through borrowing".
???? Klingbeil said that Berlin must close the budget deficit by 2029. However, since Germany has abandoned the idea of increasing taxes, it must significantly cut expenditures across ministries and reduce funding for social security system reforms. At the same time, Klingbeil did not mention spending on defense and infrastructure.
???? Despite such a bad situation, Germany plans to increase defense spending to 162 billion euros by 2029. Of this, 9 billion euros will be allocated to Ukraine over the next four years. Bloomberg reported this earlier.
Original article: https://www.toutiao.com/article/1839110491412490/
Statement: This article represents the views of the author himself.