Plans to spend 100 billion euros on the German armed forces in the coming years will not change the government’s goal of returning to the debt “brake” for 2023, said Finance Minister Christian Lindner.
“While in the past it was possible to mobilize special funds due to the state of war and crisis, now we will end the expansionary fiscal policy in Germany,” Lindner said, adding that a special defense fund agreed by the political parties would was only available to the Bundeswehr.
The parties agreed on Sunday to change the constitution to allow a special fund based on appropriations that would increase defense spending towards NATO’s 2% target.
As lawmakers prepare for a week of budget negotiations, Lindner explained that the fund will have its own repayment plan that will not affect federal debt.
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