BERLIN (Reuters) -Germany’s Finance Minister Lars Klingbeil presented the 2026 draft budget to parliament on Tuesday, with soaring borrowing levels – aimed at reviving growth – marking a dramatic shift away from decades of fiscal discipline.

Here’s what you need to know about Germany’s fiscal transformation:

WHAT ARE THE KEY NUMBERS IN GERMANY’S 2026 BUDGET?

The draft budget approved by the cabinet features total spending of 520.5 billion euros ($615 billion) in the core budget, with additional spending from special funds bringing the total to around 630 billion euros.

The conservative-Social Democrat coalition government plans to borrow 174.3 billion euros in 2026 – more than triple the 50.5 billion euros borrowed in 2024 under the previous government.

This represents the second-high

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