AIRLINK 212.82 Increased By ▲ 3.27 (1.56%)
BOP 10.25 Decreased By ▼ -0.21 (-2.01%)
CNERGY 7.00 Decreased By ▼ -0.35 (-4.76%)
FCCL 33.47 Decreased By ▼ -0.92 (-2.68%)
FFL 17.64 Decreased By ▼ -0.41 (-2.27%)
FLYNG 21.82 Decreased By ▼ -1.10 (-4.8%)
HUBC 129.11 Decreased By ▼ -3.38 (-2.55%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.86 Decreased By ▼ -0.17 (-3.38%)
KOSM 6.93 Decreased By ▼ -0.14 (-1.98%)
MLCF 43.63 Decreased By ▼ -1.57 (-3.47%)
OGDC 212.95 Decreased By ▼ -5.43 (-2.49%)
PACE 7.22 Decreased By ▼ -0.36 (-4.75%)
PAEL 41.17 Decreased By ▼ -0.53 (-1.27%)
PIAHCLA 16.83 Decreased By ▼ -0.47 (-2.72%)
PIBTL 8.63 Increased By ▲ 0.08 (0.94%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 183.03 Decreased By ▼ -6.00 (-3.17%)
PRL 39.63 Decreased By ▼ -2.70 (-6.38%)
PTC 24.73 Decreased By ▼ -0.44 (-1.75%)
SEARL 98.01 Decreased By ▼ -5.95 (-5.72%)
SILK 1.01 Decreased By ▼ -0.02 (-1.94%)
SSGC 41.73 Increased By ▲ 2.49 (6.35%)
SYM 18.86 Decreased By ▼ -0.30 (-1.57%)
TELE 9.00 Decreased By ▼ -0.24 (-2.6%)
TPLP 12.40 Decreased By ▼ -0.70 (-5.34%)
TRG 65.68 Decreased By ▼ -3.50 (-5.06%)
WAVESAPP 10.98 Increased By ▲ 0.26 (2.43%)
WTL 1.79 Increased By ▲ 0.08 (4.68%)
YOUW 4.03 Decreased By ▼ -0.11 (-2.66%)
BR100 11,866 Decreased By -213.1 (-1.76%)
BR30 35,697 Decreased By -905.3 (-2.47%)
KSE100 114,148 Decreased By -1904.2 (-1.64%)
KSE30 35,952 Decreased By -625.5 (-1.71%)
World

Scholz rejects drastic rise in German defence spending

BERLIN: German Chancellor Olaf Scholz on Tuesday rebuffed a proposal to almost double the defence budget, seeking to...
Published January 7, 2025

BERLIN: German Chancellor Olaf Scholz on Tuesday rebuffed a proposal to almost double the defence budget, seeking to position himself as a voice of moderation ahead of snap polls next month.

Significantly increasing defence spending “without saying what the money will be spent on and where it will come from” was a “half-baked” idea, Scholz told the Stern weekly.

“Who will pay the bill? The citizens?” the German leader said.

The centre-left chancellor was responding to a proposal made by his deputy Robert Habeck, who will lead the Greens into general elections on February 23.

In an interview with Spiegel magazine, Habeck called for Germany to increase its defence budget to 3.5 percent of gross domestic product, up from NATO’s target of two percent of GDP.

Germany’s Scholz loses confidence vote, triggering early elections

“We have to spend almost twice as much on our defence so that (Russian President Vladimir) Putin does not dare to attack us,” said Habeck, whose party was once staunchly pacifist.

Germany reached the NATO benchmark last year for the first time in decades, after Scholz announced a significant spending boost in the wake of Russia’s invasion of Ukraine in 2022.

Since the collapse of Scholz’s three-way coalition in a row over spending priorities in November, the chancellor has called for “massive” investments in defence and security.

The Social Democrat however tempered his defence spending ambitions with his latest comments, while failing to give a specific figure.

Scholz has tried to present himself as a prudent promoter of peace on the campaign trail, responding to voter concerns over an escalation of the Ukraine war.

The chancellor has emphasised his government’s support for Ukraine but repeatedly stressed that Germany must avoid being drawn directly into the conflict.

NATO chief Mark Rutte has called for members to “turbo-charge” their defence commitments amid speculation the alliance could agree a new, higher spending target.

Last year, 23 of NATO’s 32 members hit the military alliance’s two-percent of GDP target but Rutte said “a lot more” will be needed to counter the threat from Russia.

Comments

200 characters