Germany could spend up to €9 bn more on defence from 2028, minister says.

Germany's Finance Minister Christian Lindner expects up to 9 billion euros in additional defence spending from 2028 if the country can reduce its debt levels. The funds could be available if Germany gets its debt below the EU's 60% target of GDP. Germany has taken emergency loans totaling around 300 billion euros since 2020 in response to the coronavirus pandemic and the war in Ukraine. The country is currently planning to repay nine billion euros in debt annually from 2028.

April 02, 2024
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