Germany will borrow €838.2 billion ($973.23 billion) from 2027 to 2030 to fund defense and infrastructure, Finance Minister Lars Klingbeil said Tuesday. The borrowing plan supports a defense-heavy budget amid rising security threats and U.S. pressure. The massive borrowing marks a major fiscal shift for Berlin as economic challenges mount.
Germany Needs New Debt for Defense Says Minister
German Finance Minister Lars Klingbeil defended plans for new debt to boost defense spending and secure the economy against rising geopolitical threats. Berlin plans to borrow heavily through 2030 to upgrade infrastructure and military capabilities.
