Defense budget
Germany boosts defense budget above 2% of GDP
German Chancellor Olaf Scholz says Germany is committing 100 billion euros ($112.7 billion) to a special fund for its armed forces, raising its defense spending above 2% of its GDP.
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Scholz told a special session of the Bundestag in Berlin on Sunday that it was clear “we need to invest significantly more in the security of our country, in order to protect our freedom and our democracy.”
Germany had come under criticism for not investing adequately in its defense budget and not doing enough to respond to Russia's invasion of Ukraine.
Also read: Biden hits Russia with sanctions, shifts troops to Germany
On Saturday evening, the German government announced it would be sending weapons and other supplies directly to Ukraine to help troops against invading Russia forces.
2 years ago