If approved by parliament, where Scholz's parties hold a majority, the boost would lift Germany's defence 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.

A spokesperson for Germany's Ministry of Defence said the Bundestag committee has not finished negotiations and declined to comment further.

Defence minister Boris Pistorius, interviewed by broadcaster ARD, referred to the planned doubling of military aid to Ukraine.

"It is a strong signal to Ukraine that we will not leave them in the lurch," he said, adding the move, if agreed, would mean the annual budget allocation would be enough to last the whole year.

Germany's Bild am Sonntag newspaper had also said the committee is due to approve the additional 4 billion euros.

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