Germany is preparing to double its annual defense budget to as much as €162 billion ($189 billion) by 2029, a major strategic ...

The German government will on Wednesday back a 2026 draft budget which includes record investment of 126.7 billion euros and ...

"The increase in government military spending will give the German economy a boost, but the economic stimulus will be rather moderate," wrote Tom Krebs, an economics professor at the University of ...

Germany announced a budget on Tuesday that would increase its military spending to 3.5 percent of its economic output by 2026 and expand funding to improve its crumbling infrastructure, as part of ...

US President Donald Trump is also pressuring Europe to up its military spending. Net borrowing will also significantly increase, as per the draft budget. It is due to jump to €81.8 billion in ...