Core Points - The German federal cabinet has approved the draft budget for 2026, focusing on public investment as a key aspect of fiscal policy, with the investment scale reaching a new high following 2025 [1] - The total planned expenditure for the German federal government in 2026 is €520.5 billion, representing a 3.5% increase from the previous year [1] - Public investment is set to reach €126.7 billion, marking a historical peak, with funds directed towards transportation infrastructure, housing construction, digital development, and national defense [1] - A portion of the funding will come from a special infrastructure fund approved by the Bundestag in March, which has a total scale of €500 billion [1] - Analysts indicate that even with the special fund, it will be challenging to alleviate the tight fiscal resources, as current economic growth is weak and tax revenues have not met expectations [1] - The German Economic Institute has stated that the federal government's tax cuts and economic stimulus measures have further increased fiscal pressure, leading to an expanded fiscal gap [1] - The draft budget is expected to show a budget deficit of €172 billion from 2027 to 2029 [2] - The draft will be submitted to the Bundestag for review and voting by the end of this year [3]

当地时间7月30日，德国内阁通过了2026财年预算案。根据预算案，2026年，德国政府总预算为5205亿 欧元，比2025年增加3.5%。其中国防预算增至837亿欧元，与今年相比大幅增加32%。 此外，默茨领导的本届政府计划到2029年任期结束时将国防预算进一步增至1528亿欧元，将占当年国内 生产总值的3.5%。在2026年的财政预算中，德国政府计划新增债务899亿欧元，其中的大部分将用于投 资以刺激经济，希望借此摆脱衰退并实现增长。 德国政府的2026财年预算案将于今年下半年先后提交联邦议院和联邦参议院审议。 （文章来源：央视新闻） 德国政府通过的2026财年预算案并没有得到在野党的认可。最大反对党德国选择党批评默茨政府的无效 或低效开支太多，加重了政府债务负担。绿党则不满政府削减了福利支出并为高收入人群减税。左翼党 指责政府大幅增加军费的同时减少了社会治理和环保的支出。 ...

金十数据7月30日讯，周三，德国内阁批准了2026年预算草案，其中包括创纪录的1267亿欧元投资和 1743亿欧元借款，旨在加强基础设施和国防。这个欧洲最大的经济体已经从经济强国变成了欧元区的落 后者，德国正在抛弃数十年的财政保守主义，努力恢复经济增长，使其破旧的基础设施现代化，并扩大 军事开支。 德国内阁批准2026年预算 其中包含创纪录投资 ...

Group 1 - International silver prices maintained a critical level at $36.30, with a daily high of $36.93 and a low of $36.60, indicating market stability [1] - The U.S. employment report for June exceeded expectations, with the unemployment rate dropping to 4%, suggesting a robust labor market [2] - The optimistic economic data from the U.S. supported a rise in the dollar, impacting silver prices positively [3] Group 2 - Silver prices closed at $36.85, marking a 0.80% increase, and are approaching a double bottom pattern, indicating potential upward movement [3] - A breakthrough above the June 26 high of $36.83 is necessary for silver to challenge the year-to-date high of $37.31 [3] - Key resistance levels for silver are identified at $37.49 and $38.00, while a drop below $36.00 could lead to further declines [3]

Group 1 - The German government cabinet approved the 2025 budget draft and the 2026 budget framework on October 24 [1] - The new budget focuses on increasing investment to stimulate economic growth, with planned investments of €115.7 billion in 2025 and approximately €123.6 billion in 2026, significantly higher than the €74.5 billion investment in 2024 [2] - The Deputy Prime Minister and Finance Minister, Christian Lindner, stated that Germany will maintain annual investments of around €120 billion until 2029 [2] Group 2 - The budget draft includes a medium-term financial plan indicating that defense spending will reach 3.5% of GDP by 2029, with an estimated defense budget of €95 billion in 2025 and €162 billion by 2029 [3] - The previous German government collapsed in November last year, which delayed the approval of the 2025 budget, leading to the use of a temporary budget since 2025 [3] - The 2026 budget framework is scheduled for discussion in the Bundestag in September, with approval expected in November and the Bundesrat in December [3]

Group 1 - The German government cabinet has approved the draft budget for 2025 and the budget framework for 2026, significantly increasing defense spending [1] - The investment amount for 2025 is set to reach €115.7 billion, and approximately €123.6 billion for 2026, a substantial increase from €74.5 billion in 2024 [1] - The Deputy Prime Minister and Finance Minister, Christian Lindner, stated that Germany will maintain an annual investment of around €120 billion until 2029 [1] Group 2 - The mid-term financial plan included in the 2025 budget draft indicates that defense spending will account for 3.5% of GDP by 2029 [1] - The defense budget for 2025 is approximately €95 billion, projected to rise to €162 billion by 2029 [1]

Group 1 - The German government cabinet approved the 2025 budget draft and the 2026 budget framework, focusing on increasing investments to promote economic growth [1] - The investment amount for Germany is set to increase to €115.7 billion in 2025 and approximately €123.6 billion in 2026, significantly higher than the €74.5 billion investment in 2024 [1] - The German Vice Chancellor and Finance Minister, Christian Lindner, stated that Germany will maintain an annual investment of around €120 billion until 2029 [1] Group 2 - The budget draft includes a medium-term financial plan extending to 2029, with defense spending projected to reach 3.5% of GDP by that year [1] - Defense spending is estimated to be around €95 billion in 2025, increasing to €162 billion by 2029 [1]

Core Viewpoint - The U.S. Senate Finance Committee is scheduled to hold a budget hearing for the fiscal year 2026 on June 12 [1] Group 1 - The hearing will focus on the budgetary allocations and financial planning for the upcoming fiscal year [1]

Group 1 - The UK Prime Minister Starmer announced that the government will consider the winter fuel threshold issue in the upcoming fiscal budget [1]

Core Insights - The Governor of the Qatar Central Bank indicated that the decline in global energy prices may impact Qatar's fiscal budget and current account [1] Group 1 - The potential impact of falling global energy prices on Qatar's financial stability is highlighted [1]