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German parliament passes historic debt reform, paving the way for higher defense spend

  • German lawmakers have approved a significant increase in defense and infrastructure spending, marking a change in fiscal policy.
  • The approved law will exempt defense and security spending from strict debt rules and establish a €500 billion infrastructure fund.
  • The measures require final approval from the Bundesrat, which must also achieve a two-thirds majority.
  • Chancellor-Designate Friedrich Merz stated this vote is a key step toward a new European defense community.
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  • 38% of the sources lean Left
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De Tijd broke the news in Belgium on Monday, March 17, 2025.
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