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 ...

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.

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.

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.

In total, Germany plans to spend €649 billion ($761 billion) on the military over the coming five years. It marks a ...

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

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.

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.

Germany has said it supports a higher defense spending target even though this could leave Europe's largest economy in fiscal hot water.