Germany Sharply Raises Military Budget

Date: 30 May 2022 - 21:39

News ID: ۱۰۳۲۰۶

BERLIN (AP) — Germany’s governing coalition and the main opposition party have reached a deal to move ahead with a big increase in defense spending that Chancellor Olaf Scholz announced three months ago.

Scholz said three days after Russia’s operation Ukraine on Feb. 24 that Germany would commit 100 billion euros ($107 billion) to a special fund for its military and raise its defense spending above 2% of gross domestic product, a measure on which it had long lagged.