Macron Signs Bill to Increase Military Spending
Reference News Network reported on August 21 According to the EFE news agency on August 17, French President Macron announced on the 17th that he has signed a military planning bill that was previously approved by Parliament, which will increase France's military spending by 36 billion euros before 2030.
Macron said at a commemorative event: “This bill will double the budget of our armed forces starting in 2027 and increase military spending by 36 billion euros between 2026 and 2030.” He stated that he signed the bill after it was approved by the French Parliament and recognized by the courts.
Macron also said that the additional military spending will enable France to strengthen its cyber capabilities, drone capabilities, and overall innovation in the defense sector. “This will allow us to enhance our deep strike and missile defense capabilities, fully utilizing what we have learned from changes in warfare. France has a responsibility to protect its own security and to reinforce its commitments to other countries,” he added.
Macron also stated that the bill will help complete the adjustment of the new volunteer military service system for young people aged 18 to 25 in a few weeks. (Translation by Tian Ce)
President Macron signed a military planning law on August 17, 2023, which will increase France's military spending by 36 billion euros by 2030. The law aims to double the military budget starting in 2027 and enhance capabilities in cyber operations and drone technology. This initiative is part of France's commitment to strengthen its defense and security.
- President Macron signed a military planning law on August 17, 2023.
- The law will increase military spending by 36 billion euros by 2030.
- Military budget will double starting in 2027.
- The additional funding will enhance cyber capabilities and drone capabilities.
- The law will help adjust the new volunteer military service system for youth.