German Chancellor Olaf Scholz's governing coalition has agreed in principle to double the country's military aid for Ukraine next year to 8 billion euros ($8.5 billion), a political source in Berlin said on Sunday, Paralel.Az reports citing Reuters.

If approved by parliament, where Scholz's parties hold a majority, the boost would lift Germany's defense spending to 2.1% of its gross domestic product target, beyond the 2% pledged by all North Atlantic Treaty Organization members, the source added.

Lawmakers from Scholz's Social Democrats, the Free Democrats and the Green party agreed on the increase in negotiations over the proposed 2024 federal budget ahead of a formal meeting of the budget committee of the Bundestag - or lower house of parliament - on Thursday, Nov. 16, the source said.