German budget committee agrees 2027 budget
Germany's budget committee finalised the 2027 budget, including more than 200 billion euros ($221.56 billion) in total new borrowing, the second highest level since World War Two, people familiar with the issue said on Friday.
The committee agreed the package in the early hours of the morning after weeks of negotiations that saw plans for taxes on plastics and sweetened drinks as well as cuts to social security dropped or delayed to secure agreement.
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