German Defense Budget to Reach $86Bln by 2028 to Meet NATO Target

German Defense Budget to Reach Bln by 2028 to Meet NATO Target

MOSCOW (Sputnik) – Germany will reach NATO’s 2% defense spending target by 2028, growing its annual military budget to 80 billion euros ($86.6 billion) from the current 52 billion, Chancellor Olaf Scholz said on Friday.

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