Germany is to increase defence spending from 2.4% of GDP in 2025 to 3.5% in 2029, according to Reuters citing sources
- Expected to support Ukraine with EUR 9bln per year from 2025 to 2029 according to sources.
- Borrowing in the budget will go up from EUR 33.3bln in 2024 to EUR 126.1bln in 2029 according to sources.
- Draft budget for 2025 includes record investments of EUR 115.7bln and EUR 123.6bln in framework for 2026 according to sources.
- Borrowing with the infrastructure fund will add EUR 37.2bln in 2025 EUR 57.9bln in 2026 according to sources.
- Will be able to borrow 378.1 billion euros for defence between 2025 and 2029 thanks to debt brake reform according to sources.
Reaction details (14:04)
- Modest pressure in Bund Sept'25 131.18 to 131.07, before paring around half of that move.
23 Jun 2025 - 14:00- Fixed IncomeData- Source: Reuters
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