Germany's cabinet has approved a draft budget for 2025 and an economic framework for 2026 with record investments to revive the economy and a strong commitment to defense spending ahead of a key NATO summit.
To stimulate growth after Europe's biggest economy contracted for two consecutive years, the drafts include investments of 115.7 billion euros ($134 billion) in 2025 and 123.6 billion euros in 2026, up from 74.5 billion euros in 2024.
CGTN’s Peter Oliver reports.
