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 has insisted that he is committed to NATO spending, but that Donald Trump's demands are too high. One other NATO member, however, has welcomed the incoming US President's suggestion.

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%.