Germany’s finance minister has vowed to lift the country’s defense spending to 3.5% of gross domestic product in 2029 ...

Germany could increase military spending to as much as 3.5% of economic output as it ramps up investment to reverse years of neglect of the armed forces, according to Defense Minister Boris Pistorius.

BERLIN—Germany will exempt military spending from its strict fiscal rules and create an off-budget fund of 500 billion euros to finance infrastructure spending, laying the ground for a big boost ...

BERLIN, Feb 27 (Reuters) - Chancellor Olaf Scholz said on Sunday Germany would sharply increase its spending on defence to more than 2% of its economic output in one of a series of policy shifts ...

These include a $113 billion defense fund to modernize the German military — anchored in Germany’s Basic Law so that it cannot be used for any other purpose in the future — and an increase ...

As over 100,000 rally for Ukraine, Germany announces vast defense spending increase that may upend European security policy Updated February 27, 2022 More than 3 years ago 9 min ...

Mr. Scholz announced a one-time increase of 100 billion euros ($113 billion) for defense spending and a pledge to spend more than 2 percent of Germany’s economic output annually on defense.

BERLIN — Germany's finance minister on Tuesday vowed to lift the country's defense spending to 3.5% of gross domestic product in 2029 as he presented the new government's spending plans.

Germany is planning to lift core defense spending to 3.5% of gross domestic product over the next five years as part of a massive increase in government investment in the military.

Germany has announced plans to increase its defense spending to 3.5% of its gross domestic product (GDP) by 2029, marking a major step in strengthening its military. Finance Minister Lars Klingbeil ...