Germany met the NATO alliance's target to spend 2% of its gross domestic product on defence in 2024, a government spokesperson said on Monday, as the country weighs the need to further boost longer-term military funding commitments.

Chancellor Scholz says spending 5% of GDP on defense would require Germany to allocate more than €200 billion ($204 billion) annually on military expenditures - Anadolu Ajansı

German Chancellor Olaf Scholz on Monday dismissed incoming US president Donald Trump's demands that Germany and other NATO allies spend at least 5% of gross domestic product (GDP) on defence. "Five percent would be over €200 billion ($204 billion) per year,

Germany met NATO's target to spend 2% of its gross domestic product on defence in 2024, the government said on Monday, though well short of incoming U.S. President Donald Trump's call for as much as 5%.