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France's Macron Announces Plan to Accelerate Military Spending
France had aimed to double its defence budget from 2017 levels by 2030. However, Macron pledged to reach the target by 2027. A military budget that stood at 32 billion euros ($37.40 billion) in 2017 will rise to 64 billion euros by 2027, with an additional 3.5 billion euros allocated for next year and another 3 billion euros in 2027.
Macron announces 6.5B euros in extra military spending by France in next two years
French President Emmanuel Macron on Sunday announced 6.5 billion euros ($7.6 billion) in extra military spending in the next two years because of new and unprecedented threats, ranging from Russia to nuclear proliferation,
France unveils new strategic review as Macron vows to accelerate defence spend
President Emmanuel Macron announced on 13 July that the country would boost its defence budget to reach €64 billion in 2027 – double the budget in 2017. The newly proposed military spending plans would see France additional spend €3.5 billion (US$4 billion) in 2026 and €3 billion ($3.5 billion) in 2027 – a total of €6.5 billion ($7.6 billion).
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