💨 Abstract

German Chancellor-elect Friedrich Merz has reached an agreement with the Greens on increasing state borrowing for a massive infrastructure fund. The fund, totaling 500 billion euros over 12 years, will allocate 100 billion euros to the climate and economic transformation fund. The remaining funds will be used for additional infrastructure investments. States will also be permitted to run a small structural deficit of 0.35%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖