Germany Approves €500 Billion Debt Package for Infrastructure and Modernization

The historic investment plan, enabled by constitutional amendments, aims to address infrastructure, defense, and climate needs while states prepare for implementation.

The Bundestag and Bundesrat have approved a constitutional amendment allowing over €1 trillion in new debt, with €500 billion allocated for strategic investments.
€100 billion from the package will go to states, including Schleswig-Holstein, for infrastructure projects like roads, railways, and ports.
Ministerpräsident Daniel Günther emphasized the need for fiscal responsibility, warning against reckless spending while addressing the state's backlog of repairs.
The package is framed as a response to geopolitical challenges, including hybrid warfare in the Baltic Sea, and aims to enhance resilience and economic growth.
Opposition leaders stress the importance of transparency and targeted spending to ensure the funds deliver tangible improvements and rebuild public trust.