Scholz: Germany to adapt defence budget to meet NATO target even after special fund exhausted

German Chancellor Olaf Scholz said on Friday that the government will adapt the defence budget to ensure that the country achieves its NATO spending target even after its 100-billion-euro special defence fund has been exhausted.

"This is because procurement processes can only be planned and implemented sustainably if the Bundeswehr can rely on" receiving sufficient funds, said Scholz.