German FY27 federal budget has been finalised, Handelsblatt reports citing sources. Within this, the EUR 21bln fiscal shortfall has been entirely covered, using EUR 9.7bln from reserves to do so. Expected to be put before the cabinet on July 6th.
- Funding gap of EUR 21bln has been closed by tax hikes, spending cuts and EUR 9.7bln from reserves.
- To increase tax/levies on alcohol, tobacco and sugar.
- Reduce subsidies.
- Reducing the pensionn subsidy.
- Federal efficencies.
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