Germany's new center-right Cabinet on Wednesday approved a 2010 budget plan that foresees record levels of new debt and higher spending as the country seeks to safeguard its recovery from recession.
The budget puts spending at euro325.4 billion ($474.7 billion), a 7.3 percent increase on this year's planned outlay of euro303.3 billion.
It foresees new borrowing of euro85.8 billion — about euro48 billion more than this year, and the largest figure since World War II.
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