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Home > Headlines > Germany's Scholz sees exemption for defence in debt limits

Headlines

Germany's Scholz sees exemption for defence in debt limits

Published by Global Banking and Finance Review

Posted on February 15, 2025

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(Reuters) - German Chancellor Olaf Scholz on Saturday predicted that the future government would create an exemption for spending on defence and security when dealing with the nation's constitutional limit on federal public debt.

Speaking at the Munich Security Conference, Scholz said he was sure that the country's future leadership, to be determined at the February 23 election, would put these exemptions into place to loosen the so-called debt brake.

(Reporting by Ludwig Burger, editing by Thomas Seythal)

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