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German finance minister Lars Klingbeil announces that the German government will raise its defense budget

Insurgency in Cabo Delgado — German finance minister Lars Klingbeil announces that the German government will raise its defense budget from 2.4% to 3.5% of its GDP by 2029, citing a NATO quota for member state

Published June 24, 2025· Updated October 28, 2026·1 min read

Context: Insurgency in Cabo Delgado.

German finance minister Lars Klingbeil announces that the German government will raise its defense budget from 2.4% to 3.5% of its GDP by 2029, citing a NATO quota for member states to raise defense spending. [https://apnews.com/article/germany-defense-spending-budget-nato-169e869922af3d349329ac1a921e634d (AP)] [https://www.politico.eu/article/friedrich-merz-germany-major-nato-defense-boost-donald-trump-us-eu-military-budget-ukraine-russia/ ( Politico )]

Event summary via Wikipedia Current Events (2025-06-24).