PoliticsGermany to raise defense spending to 3.5% of GDP by 2029 — foreign minister
Foreign Minister Johann Wadephul said Germany will spend 124.7 billion euros on real defense capabilities this year, about 2.7% of GDP, and expects the figure to reach at least 3.5% by 2029, likely exceeding 150 billion euros. He said defense infrastructure investment should be added and urged NATO partners to follow Germany’s lead.
Germany to raise defense spending to 3.5% of GDP by 2029 — foreign minister