
Germany launches €800bn borrowing spree to upgrade defence
Germany plans to borrow more than €800bn by 2030 to fund a defence surge, lifting the defence budget to about €109bn next year and €183.6bn by 2030, aided by a constitutional tweak that exempts military spending from the debt brake; the package includes €11.6bn in Ukraine military aid next year and targets core military spending of 3.5% of GDP by 2029, six years ahead of NATO’s goal, while critics warn that interest costs will rise sharply as debt grows.












