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The federal budget for 2021 is €369.3 billion. [11] With total government spending of €1.76 trillion in 2021, the federal budget comprises only a fraction of total public sector spending in Germany. [12] Germany's budget for the 2005 fiscal year can be found below, which also outlines the basic budget structure.
Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2] This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
2 December – 2022 FIFA World Cup: the German men's football national team, despite defeating Costa Rica 4–2, is knocked out of the World Cup due to Japan's upset win over Spain. [ 13 ] 7 December – 2022 Germany coup d'état plot : German police arrest 25 members of the Reichsbürger movement accused of planning a coup d'état .
Germany's governing coalition reached a deal Wednesday to resolve a budget crisis triggered by a court ruling last month, agreeing to cut some subsidies and spending while stressing that Berlin ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
The budget debate is ironic because Germany has the smallest long-term debt pile of any of the Group of Seven advanced democracies, with debt of 66% of gross domestic product. That compares to 102 ...
In the 2020s the use of off-budget funds dramatically expanded, with the total (multi-year) potential deficits by the end of fiscal 2022 coming to 400 billion euro, about 10% of 2023 GDP. For comparison, the debt brake limit would only allow borrowing of 13 billion euro in 2023.
Days after Russia's 2022 invasion of Ukraine, Chancellor Olaf Scholz surprised allies by announcing a "Zeitenwende" – German for a historic turning point - with a 100-billion-