Germany's debt is expected to rise significantly by 2030 due to increased spending on defense and infrastructure. Fiscal ...

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 ...

Germany’s finance minister has vowed to lift the country’s defense spending to 3.5% of gross domestic product in 2029. Finance Minister Lars Klingbeil says that Germany’s defense spending ...

Chancellor Merz may find it difficult to maintain the generous social welfare regime that Germans have benefitted from for ...

The German arms industry is thriving thanks to a major state-run investment program. But will the country's wider economy ...

But, shortly after Russia launched its full-scale invasion of Ukraine in 2022, then-Chancellor Olaf Scholz pledged to increase defense spending to 2%.

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

BERLIN (AP) — 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.