By Andreas Rinke and Matthias Williams BERLIN (Reuters) -Election winner Friedrich Merz on Tuesday ruled out a quick reform to Germany's state borrowing limits known as the "debt brake" and said it was too soon to say whether the outgoing parliament could wave through a massive military spending boost.

Germany’s conservative CDU party has won the election, securing Friedrich Merz as the next chancellor. However, right behind them, the far-right AfD has surged to second place, capturing more than 20% of the vote—doubling its support compared to the previous election.

Friedrich Merz's CDU party emerged as the largest party in Germany's parliament, the Bundestag, earning 28.6% of the vote.