Germany's Debt Clock Ticks On: A Seismic Shift in Priorities The German government's draft budget for 2027 highlights the country's financial predicament, with record debt levels and a significant shift in priorities.
The national debt stands at €2. 78 trillion, with an additional €203 billion projected in new borrowing next year alone. This policy shift is driven by geopolitical concerns, particularly Russia's war in Ukraine.
However, critics argue that prioritizing short term security over long term fiscal responsibility may not be sustainable.