US Edition
Germany to raise defense spending to 3.5% of GDP in 2029
- Germany plans to increase annual defense spending from 95 billion euros in 2025 to 162 billion euros by 2029, aiming to reach 3.5% of GDP.
- This shift follows Russia's 2022 invasion of Ukraine and the creation of a 100-billion-euro special fund, requiring a constitutional debt rule exemption approved in March.
- The Bundeswehr commits over 21 billion dollars to ammunition purchases by 2037, including a $5.04 billion allocation in 2025, supporting operational readiness and European security.
- Chancellor Friedrich Merz said increased military investment protects Euro-Atlantic freedom, while economist Jens Boysen-Hogrefe warned that higher debt will raise interest costs and budget pressures.
- The expanded defense budget fuels debate, as supporters emphasize security and critics highlight fiscal and social trade-offs amid ongoing modernization and NATO commitments.
66 Articles
66 Articles
Germany plans to double its defense spending within five years
THE HAGUE, Netherlands — Germany will more than double its military spending by the turn of the decade under a new defense spending proposal approved by the government this week. In total, Germany plans to spend €649 billion ($761 billion) on the military over the coming five years. It marks a continuation of a historic shift that began with Russia’s invasion of Ukraine and led to Berlin loosening the purse strings and overhauling its approach t…
The demands of an increase in military spending within NATO, with the president of the United States demanding to raise it to 5% of GDP, and the plans in this area of big economies like the German one - the coalition government led by the Christian Democrat Friedrich Merz intends to raise it to 3.5% in four years - are giving wings to the defence sector on the stock market. Only this year, the European giants have even tripled their market value…
After the EUR 100 billion announced in 2022, Germany confirms huge increases in defence budgets. Because the needs of the Bundeswehr are enormous. ...
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Bias Distribution
- 39% of the sources lean Left, 39% of the sources are Center
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