Germany to boost mid-term defense spending

March 17, 2015 3:02 PM

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BERLIN (Reuters) - Germany plans to boost its defense budget by 6.2 percent over the next five years in response to growing global instability, government sources said on Tuesday.

After balancing its budget for the first time in almost half a century, the German government has more leeway to raise spending. The cabinet is due to debate the framework for its mid-term budget on Wednesday.

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