Germany is poised to increase its defense budget by as much as €10 billion ($10.7 billion) next year to help fund additional spending needs triggered by Russia’s war on Ukraine, according to people familiar with the plans.
Defense Minister Boris Pistorius is pushing for the extra cash in the 2024 finance plan, which would lift the total allocated to €60 billion, said the people, who asked not to be identified discussing confidential information.
