Free Trial

Federal 2025 Budget Approved Internally (1/2)

GERMANY

The federal 2025 budget was approved by the German traffic light coalition, Bloomberg reports.

  • Little news as this was expected for today, and details were already reported earlier.
  • The 2024 supplementary budget was also approved, Bloomberg reports in other headlines.
  • 2024 Federal net borrowing is reported to be planned at E43.8bln, as expected.
  • Normally Germany does not issue mid-quarter updates to its issuance plans, and the increase in spending of around E11bln (to the E43.8bln) is probably not enough to warrant an update before the Q4 issuance plans are confirmed in late September. We would expect 1-3 more auctions in Q4 and possibly some larger auction sizes.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.