Germany’s Scholz commits to spending 2% on defense over next 10 years

MUNICH, Germany — German Chancellor Olaf Scholz on Saturday reaffirmed Berlin’s commitment to spend 2% of the national gross domestic product (GDP) on defense, this year and over the longer term.

“Germany will invest 2% of its GDP on defense in the 2020s, in the 2030s and beyond,” Scholz told the Munich Security Conference.

Germany has this commitment in 2024 through regular and special budget outlays for the first time since the early 1990s, a defense ministry spokesperson said on Wednesday, according to Reuters.

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