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German Parliament Approves Record Budget for 2019

Germany's lower house of parliament on Friday gave the green light to a budget that raises planned spending for next year to €356.4 billion ($405.2 billion), an increase of €13 billion over 2018, DW reports. 

After three days of heated debate, parliamentarians passed the budget by a vote of 366-284 with no abstentions.

The budget foresees more money for social welfare, families, defense and development aid. Among other things, families are to receive €10 more as child allowances, on top of the current €194-€200 per month depending on how many children parents raise.

It also contains changes to tax brackets to compensate for inflation.

The largest portion of money, €145.3 billion, is allotted to the labor and social sector, partly in the form of pension payments.


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