Germany Says Its Defense Spending Could Increase to 3.5% of GDP.

Germany's Defense Minister, Boris Pistorius, has stated that the country could increase its military spending to 3.5% of its GDP in order to address years of neglect of its armed forces. Pistorius believes that the NATO commitment to spend at least 2% of GDP on defense should be seen as a starting point, and that European nations need more capable armed forces as they expand their global engagement. However, securing enough funds will be challenging given Germany's stretched finances. Chancellor Olaf Scholz's ruling coalition has already set up a special fund for defense outlays worth €100 billion ($108 billion), but once this fund is exhausted after 2027, finding the necessary funds will be a major challenge. [Extracted from the article]

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