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

In total, Germany plans to spend €649 billion ($761 billion) on the military over the coming five years. It marks a ...

Germany's cabinet approved on Tuesday a draft budget for 2025 and a budget framework for 2026 with record investments to ...

Germany is ramping up defense spending — while cutting funds for development cooperation. Aid organizations warn of the ...

Germany's would-be next chancellor, Friedrich Merz, won lawmakers' approval to loosen strict debt rules for higher defense spending as doubts mount about the strength of the trans-Atlantic alliance.

On Feb. 25, Britain, which after the United States has the joint second biggest NATO military alongside Germany -- announced ...

‘A really big bazooka’: German defense spending likely to rise after parties agree historic debt change By Reuters 4 minute read Published 5:36 AM EST, Wed March 5, 2025 Link Copied ...

Shifts in some spending out of the regular budget mean Germany will have to use about one-third of its €100 billion special armed forces fund to compensate, Ifo said in a statement on Monday.

German leaders recommitted to increasing defense spending on Monday, with hope that the planned drawdown of U.S. troops there will be rescinded with a change of administration in Washington.

Last, German politicians should remember that stronger conventional German military forces can also strengthen Germany’s position in inter-alliance negotiations within NATO.

German officials point out that in absolute terms, German military spending has increased for five straight years, up 36 percent, and that Germany is NATO’s second-biggest contributor of funds ...

European defense company shares have soared in recent days as momentum to ramp up spending across the region gathers pace. “A really big bazooka,” wrote Berenberg economist Holger Schmieding ...