German Finance Minister Lars Klingbeil warned the Coalition Government on significant economic stiffer measures, citing large fiscal challenges in the years to come.
– Budget for 2027. It will be a huge challenge for the Government – said the Social Democratic Politician during the visit to Lithuanian capital Vilnjus on Tuesday.
He emphasized that the fulfillment of budget goals will require concessions from each minister.
Klingbeil called on all ministries to start identify potential savings areas.
Government sources say that in the federal budget for the period from 2027. to 2029. There is a gap of approximately 172 billion euros.
A few budgets are considered in Berlin.
Klingbeil will present its draft budget for 2026 on Wednesday. Government. He said the budget was fully funded after intense negotiations.
Meanwhile, the budget for 2025. He is still audited and is expected to be adopted in September, reports to DPA.
(Vijesti.ba / Fena)
