Tag: defence spending

Germany unveils roadmap to 5% on defence


German Minister of Defence Boris Pistorius gives a statement at the EU Defence Ministers' Meeting in Brussels | Photo: Ansgar Haase/dpa

Defence Minister Boris Pistorius outlined a plan for Germany to increase military expenditure as a ratio of gross domestic product (GDP) by 0.2 percentage points per year over a period of seven years.

NATO sees German defence spending at €90.6B

NATO Secretary General Jens Stoltenberg during his speech at the Wilson Center in Washington D.C. | Source: NATO

A new NATO overview says the record €90.6B on defence expenditure, to which Berlin committed for the first time this year, corresponds to a 2.12 percent share of the forecast German GDP, and is higher than expected at the beginning of the year.