Deutsche Welle
January 20, 2023
Macron: France to hike military spending by a third
In a speech to soldiers in southwestern France, the president said he wanted the military to be ready for “high intensity” conflicts of the future. Paris now plans to spend an extra €118 billion before 2030.
French President Emmanuel Macron announced a major hike to military spending Friday to face evolving threats including Russia and China.
Macron said France would earmark €413 billion ($448 billion) on defense for the 2024-2030 period. That would mark a €118 billion increase from the 2019-2025 period, where Paris has pledged to spend some €295 billion.
He made the commitment during a speech to military personnel in the southwest of the country addressing the country’s new defense strategy in the wake of the Ukraine war.
Good for the Maginot Line’ers. They should raise the retirement age to 75 in France in order to pay for increased military expenditures.
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