DHL unveiled plans on Thursday to lay off about 8,000 jobs this year as part of a strategy to save more than 1 billion euros ($1.08 billion) by 2027, after the German logistics giant reported a 7.2% fall in annual operating profit.

The debt brake was passed in 2009, when a global financial crisis led to sharp increase in government borrowing in Germany and around the world.

Goldman Sachs raised its economic growth forecast for Germany this year, citing the prospect of increased military and infrastructure spending, and also upgraded the growth estimate for the broader Euro area.

The incredible thing about Germany’s finances is that planned extra spending of about $1 trillion still would put them as having the lowest debt-to-gross domestic product of the Group of Seven nations,

The prospective partners in Germany’s next government say they will seek to loosen the nation’s rules on running up debt to allow for higher defense spending.

The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on deficits, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure.