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5% GDP defense target

Coverage of 5% GDP defense target in the Nexus archive.

Earliest in view: Jul 6 · 17:10 UTCMost recent: Jul 6 · 17:10 UTC
Co-mentioned in this coverage
Germanyplace1Friedrich Merzperson1Lars Klingbeilperson1NATOorganization1Donald Trumpperson1
Recent coverage
  • SECURITYJul 6 · 17:10 UTCPOLITICO EUROPE
    Germany ramps up defense spending in new budget plan ahead of NATO summit

    Germany’s 2027 budget allocates 20% of federal spending to defense, with plans to increase it to nearly one-third by 2030 to meet NATO’s 5% GDP target. The move, led by Chancellor Friedrich Merz and Finance Minister Lars Klingbeil, aims to strengthen military capabilities amid concerns over U.S. President Donald Trump’s criticism of European defense spending.