The increase was announced hours before a NATO meeting during which member countries are expected to agree to raise military spending to 5 percent of their G.D.P.

Germany's cabinet approved on Tuesday a draft budget for 2025 and a budget framework for 2026 with record investments that will also double the amount spent on interest payments by 2029. To stimulate growth after Europe's biggest economy failed to grow for two consecutive years,

Germany will sell €19 billion ($22 billion) more federal-government debt than planned in the third quarter to help fund a surge in spending on infrastructure and the military.