Klingbeil planning major investments in Germany’s future
German Finance Minister Lars Klingbeil announces an investment drive for infrastructure during the Bundestag’s budget week. Business also plans to invest billions.
Berlin (dpa) – Roads free of potholes, trains that run on time, modernised schools: German citizens should soon be able to see the results of the government’s planned investment drive in Germany. This is what German Finance Minister Lars Klingbeil (photo) is promising in his 2025 draft budget. “We are now tackling the things that have been neglected for years in our country,” said Klingbeil.
The minister is planning to invest billions in the armed forces, education and research, climate action, digitisation, social housing and the railways. Klingbeil has talked of record investments totalling more than 115 billion euros this year.
German business has also signalled its considerable willingness to invest. On 21 July, Federal Chancellor Friedrich Merz and Klingbeil will be meeting with top German business leaders.
According to German business newspaper “Handelsblatt”, more than 30 companies and half a dozen financial investors have already signed up in advance to an initiative with the working title “Made for Germany”. Apparently, the companies are preparing investments of around 300 billion euros in Germany within the next three years.