France plans to increase military spending by 36 billion euros before 2030.
The French National Assembly passed a bill on the 19th aimed at increasing the defense budget by a total of 36 billion euros before 2030. The next step for the bill is to be reviewed and voted on by the Senate.
According to the seven-year budget plan issued by France in 2023, the total defense budget from 2024 to 2030 is set at 400 billion euros. The new bill raises this figure to 436 billion euros. Among these, the defense budget for 2030 will reach 76.3 billion euros, an increase of 8.9 billion euros from the original plan, which is expected to be equivalent to 2.5% of the gross domestic product at that time.
French Defense Minister Sébastien Lecornu stated on social media that the bill aims to respond to the calls of the military, support the defense industry, and prepare for future strategic challenges.
The French National Assembly passed a bill to increase the defense budget by 36 billion euros by 2030, raising the total to 436 billion euros. The budget for 2030 is projected to reach 76.3 billion euros, an increase of 8.9 billion euros from earlier plans. This move aims to address military demands and bolster the defense industry in preparation for future strategic challenges.
- The French National Assembly approved a bill to increase the defense budget by 36 billion euros by 2030.
- The total defense budget will rise to 436 billion euros from 400 billion euros.
- The defense budget for 2030 is projected to reach 76.3 billion euros, an increase of 8.9 billion euros from previous plans.
- The bill aims to respond to military needs and support the defense industry.
- The increase is expected to represent 2.5% of GDP by 2030.