Germany could spend up to 9 bln euros more on defence from 2028, minister says

April 02, 2024

BERLIN -- German Finance Minister Christian Lindner sees scope for up to 9 billion euros ($9.7 billion) in additional defence spending from 2028 if the country can reduce its debt levels, he said in comments to the DPA news agency published on Tuesday. "If we fall below this limit, then the repayment of coronavirus debt planned from 2028 could be discussed again," he said. The German government took out emergency loans totalling around 300 billion euros in 2020, 2021 and 2022 in response to the coronavirus pandemic and the war in Ukraine. Germany is budgeting for a debt repayment of nine billion euros per year from 2028, Lindner said. It also pledged to reach NATO's target of spending at least 2% of GDP on defence.

The source of this news is from Tuoi Tre News

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