Germany's Scholz sees exemption for defence in debt limits


German Chancellor Olaf Scholz speaks during the Munich Security Conference (MSC) in Munich, Germany, February 15, 2025. REUTERS/Wolfgang Rattay

(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)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

U.S. stocks close higher
Crude futures settle higher
U.S. dollar ticks down
Feature: Sudan faces worsening fuel crisis as prices soar
Trump says Iranians should rise up against government if ceasefire declared
Venezuela's government, opposition may cooperate to safeguard US assets
Uzbekistan's EV import volume surges in Q1
Trump says Iran could be 'taken out' on Tuesday, Hegseth says major strikes to come
Pressure mounts on UK government to ban Kanye West after festival backlash
Seixas sets pace in tough opening stage in Tour of Basque Region

Others Also Read