[J.JTimes] Germany to Triple Defense Spending by 2029! Europe's Military Shift Begins

Описание: ‪@J.JTimes‬
Germany is planning to triple its defense spending by 2029, raising it to 3.5% of GDP the highest level since the Cold War.
Why this massive shift in military investment? Let’s break it down.

Germany is rearming, not just for defense but for leadership.

English
Germany's finance ministry has submitted a mid-term budget plan
to raise defense spending from €62.4 billion in 2024 to €152.9 billion by 2029.
That’s more than triple compared to last year’s €52 billion.

Defense spending will increase from 2.4% of GDP in 2024
to 3.5% in 2029 the highest ratio since 1975, during the Cold War.

Germany’s motivation?
“The first time since WWII, Germany and Europe must defend themselves,”
said the finance ministry.

To support Ukraine, Germany will also provide €8.5 billion annually until 2029,
while continuing to use the €100 billion special defense fund established in 2022.

To fund this increase, Germany has even amended its constitution,
removing the debt cap specifically for defense and infrastructure spending.

Investment budgets, including special funds,
are set at €116 billion this year and €124 billion next year.
Total debt needed for 2024–2025? €170 billion.

According to SZ, the government hopes that aggressive investment
will stimulate the economy and reduce inequality.

Tripled defense spending, unlimited debt for military, and a constitutional change.
Germany is stepping into a new era of military leadership,
and Europe's security landscape is about to change.