Germany has allocated 10 billion euros for the purchase of 35 F-35A Lightning II fighter jets, Bloomberg reports.
The funds will come from a special 100 billion euro debt-financed fund. Deliveries under the plan are scheduled to take place between 2026 and 2029. According to the German document, the amount includes air-to-ground missiles and ground infrastructure.
Scholz had previously promised that Germany would invest more than 2 percent of gross domestic product annually in defense, backed by a special fund. Defense bottlenecks and other procurement problems have hampered spending increases.
Defense Minister Christine Lambrecht recently revised the goal to 2 percent of GDP and said Berlin would reach it on average over the next five years.