Germany faces multiple challenges in its finances.

Reference News, September 10 report: According to the German magazine "Wirtschaftswoche", which reported on September 5, in recent years, Germany has faced multiple challenges such as energy transition, aging population, deteriorating infrastructure, and urgent need for military strengthening. The government has had to abandon its previous proud policy of zero deficit, investing heavily to address these issues, leading to continuously rising fiscal expenditures. By 2029, the German government's debt will rise to about 850 billion euros. However, the source of 172 billion euros remains unclear at present. The ruling coalition parties, the Christian Democratic Union (CDU) and the Social Democratic Party (SPD), have many differences in the budget issue, especially in whether and how to cut citizens' welfare. If this issue is not properly handled, it will inevitably hinder the political careers of the relevant politicians and their parties.

Cover of the September 5 issue of Wirtschaftswoche

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