France will boost military spending by more than a third in coming years, President Emmanuel Macron said on Friday, as he unveiled ambitions to transform the French army to deal with the great 'perils' of this century.
FILE PHOTO-French President Emmanuel Macron delivers his New Year address to the French Army, at the Mont-de-Marsan air base, France January 20, 2023. Bob Edme/Pool via REUTERS
The budget for the period will stand at 413 billion euros , up from 295 billion euros in 2019-2025, which will mean that by 2030, France's military budget would have doubled since he took power in 2017, Macron said. Although France is the world's third-biggest arms exporter and the EU's sole nuclear power, it has come under criticism for not sending more weapons to Kyiv.
He also said France would beef up its capacity to respond to cyber attacks and would increase by near 60% the budget for military intelligence.
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