Germany Boosts Defense Budget in 2025 Draft Plan 🇩🇪

Germany's cabinet has approved a draft budget for 2025 and an economic framework for 2026 with record investments to revive the economy and a strong commitment to defense spending ahead of a key NATO summit.<br /><br />To stimulate growth after Europe's biggest economy contracted for two consecutive years, the drafts include investments of 115.7 billion euros ($134 billion) in 2025 and 123.6 billion euros in 2026, up from 74.5 billion euros in 2024.<br /><br />CGTN’s Peter Oliver reports.