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Germany Ramps Up Military Budget to 3.5% of GDP by 2029
Germany has announced a plan to increase core defence spending to 3.5% by 2029. Total defence expenditure, which stands at €95 billion in the 2025 draft budget, would rise to €162 billion in 2029. The target will be reached through a series of planned annual increases. This investment is enabled by a dedicated €500 billion infrastructure fund and the exemption of defence spending from debt rules since March 2025. If approved by the cabinet, the …
Germany plans to gradually increase defense spending to 3.5 percent of gross domestic product (GDP) by 2029. Citing sources in the German government, DPA and Reuters reported this. Defense spending should reach 2.4 percent of GDP this year. Finance Minister Lars Klingbeil intends to...
Germany confirms its objective of allocating 3.5% of its GDP to defence expenditure by 2029.
Germany wants to increase defence costs to 3.5% of GDP by 2029, financing by loans of around EUR 400 billion, according to Reuters.
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