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

The leader of Germany's conservative CDU, the party's candidate to run for chancellor, said on Tuesday that the nation should focus on efforts to reach existing NATO defence spending targets before discussing any further increases.

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%.