Well....for 2027's budget....YES.
The Bundesrechnungshof (Germany’s independent Federal Court of Auditors) analyzed the 2027 draft budget and says a budget gap (Deckungslücke) of 160.7 billion Euro exists.
The way to look at this? There are planned expenditures of 555.4 billion Euro....with a projected tax revenues of 394.7 billion Euro. Roughly speaking....it's around 30-percent of spending that is not currently covered by revenues and must be financed primarily through new bank-borrowing.
Remarkably sounding like 2024? Well....under the SPD-coalition....they had a serious budget failure, and the FDP-partner (owning the Finance Army of the gov't)....refused to borrow excessive funds.
Merz so far? He has NOT said much.
Ukraine hoping to get more funding via Germany? I'd say extra funds are near impossible to talk about.
What can you blame the spending upon?
Mostly social spending (largest category): Around 201–239 billion Euro. Roughly 132 billion Euro of that is federal subsidies to the statutory pension insurance alone.
Defense (biggest growth driver)? The core defense budget rising from 83 billion Euro (2026) to 110 billion Euro (2027), a jump of roughly one-third.
Massive taxation coming? Well....you'd have two choices....borrowing more money and hoping for a economic turn-around (not likely).....or collapse the gov't (like at the end of 2024) and leave it for some other idiots clean up.
I could see some idiots at the SPD and CDU hoping for a collapse....getting the Greens into some win-win position...forming a coalition with the Linke Party and SPD Party, and blaming the massive tax increase on the Greens for a year or two.
As for 2027? Don't go expecting a lot of positive economic news.