German Chancellor, Olaf Scholz arrives for the weekly federal government cabinet meeting on Oct. 11, 2023 in Berlin, Germany.

Michele Tantussi | Getty Images News | Getty Images

MUNICH, Germany — German Chancellor Olaf Scholz on Saturday reaffirmed Berlin’s commitment to spend 2% of the national gross domestic product (GDP) on defense, this year and over the longer term.

“Germany will invest 2% of its GDP on defense in the 2020s, in the 2030s and beyond,” Scholz told the Munich Security Conference.

Germany has this commitment in 2024 through regular and special budget outlays for the first time since the early 1990s, a defense ministry spokesperson said on Wednesday, according to Reuters.

This is a breaking news story. Please check back for updates.

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