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Germany to Spend Record Amount on Its Military and . . . Germany announced a budget on Tuesday that would increase its military spending to 3 5 percent of its economic output by 2026 and expand funding to improve its crumbling infrastructure, as part of
How Germany will spend its record €850 billion in debt Here is what is known about what Germany will actually spend its record budget on: the highest annual amount since the start of Russia’s full-scale invasion in 2022
German budget plans outline vast spending - and record debt Germany's government pledged Tuesday to make massive new investments by taking on record debt as it presented its budget plans with the aim of reviving the economy and building up the military
Germany to raise defense spending to 3. 5% of GDP in 2029 Germany for years drew criticism for failing to hit the existing 2% spending target But, shortly after Russia launched its full-scale invasion of Ukraine in 2022, then-Chancellor Olaf Scholz pledged to increase defense spending to 2% He also announced the creation of a 100 billion-euro ($115-billion) special modernization fund
Germany to raise defence spending to 3. 5% of GDP by 2029 . . . Germany's 2025 and 2026 budget drafts include record investments NATO summit to discuss increasing defence spending to 5% of GDP Germany to borrow 378 1 billion euros for defence BERLIN, June 23
How will Germany pay for rapid rise in defence spending? BERLIN - Germany will boost defence spending to 3 5% of gross domestic product by 2029, a hefty, and quick, increase from a 2% NATO quota that it only achieved for the first time in three decades