(de-news.net) – In light of mounting fiscal pressures, Federal Finance Minister Lars Klingbeil (SPD) has issued a formal appeal to his cabinet colleagues, urging them to present substantial proposals aimed at consolidating the national budget. This initiative seeks to address the anticipated 30-billion-euro shortfall projected for the 2027 fiscal year. Klingbeil emphasizes the necessity of a “concerted effort,” underscoring the importance of coordinated action across all ministries.

CDU parliamentary vice-chair Mathias Middelberg welcomed the minister’s initiative, describing it as “the first important step toward budget consolidation.” He stressed that every ministry must identify and pursue viable savings, noting that opportunities for fiscal restraint exist across all sectors.

The Union calls for the prompt adoption of concrete cost-reduction strategies, reflecting a collective responsibility to safeguard Germany’s financial stability. The coalition agreement mandates a comprehensive review of governmental functions and expenditures, to be launched within the current year. Middelberg asserted that while the budgetary gap presents a formidable challenge, it also offers a strategic opportunity to enhance the efficiency and resilience of the German state.