http://www.bundesfinanzministerium.de/Content/EN/Standardartikel/Topics/Public-Finances/Articles/2016-07-07-Draft-2017-budget-and-financial-plan-2020.html http:

http://www.bundesfinanzministerium.de/Content/EN/Standardartikel/Topics/Public-Finances/Articles/2016-07-07-Draft-2017-budget-and-financial-plan-2020.html http://www.bundesfinanzministerium.de/Content/EN/Standardart... http://www.spiegel.de/international/germany/budget-battle-begins-over-refugees-in-germany-a-1079864.html http://www.spiegel.de/international/germany/budget-battle-be... http://www.reuters.com/article/us-europe-migrants-germany-costs-idUSKCN0Y50DY http://www.reuters.com/article/us-europe-migrants-germany-co... http://www.zeit.de/wirtschaft/2016-02/fluechtlinge-haushalt-kosten-studie-iw http://www.zeit.de/wirtschaft/2016-02/fluechtlinge-haushalt-... interestingly, German sources like Zeit estimates / writes about 50 billion for 2017, while all English sources low ball here. (or don´t cite the source) Zeit is a pretty well known source. As we both know, projects and estimations are are hard! Very hard! So I guess it will be around 60 billion :) Tax revenue plans around 230 to 300 billion. Hence the 25% and my guess that they will announce soon or later an emergency budget to cut costs (we have a law, basically saying: we must go to our black 0, at all costs) Cutting costs hits the usual targets (I guess): https://www.iwkoeln.de/en/iw-news/beitrag/german-budget-why-black-zero-might-not-be-so-bad-199743 https://www.iwkoeln.de/en/iw-news/beitrag/german-budget-why-... http://www.dw.com/en/sch%C3%A4uble-clings-to-black-zero-fetish-in-german-budget/a-19382452 http://www.dw.com/en/sch%C3%A4uble-clings-to-black-zero-feti... Social services Infrastructure School and education etc. Interesting times are ahead :)