• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Europe
  4. Macron: Military Budget to increase to $433Bln between 2024 and 2030
Europe

Macron: Military Budget to increase to $433Bln between 2024 and 2030

  • By Al Mayadeen English
  • Source: Agencies
  • 20 Jan 21:41

French President Emmanuel Macron announces a 30% increase in the 2024-2030 cycle.

  • French President Emmanuel Macron talks a soldier as he visits the Mont-de-Marsan air base, southwestern, Friday, Jan. 20, 2023, France (AP Photo/Bob Edme, Pool)
    French President Emmanuel Macron talks to a soldier as he visits the Mont-de-Marsan air base, southwestern, Friday, Jan. 20, 2023, France (AP Photo/Bob Edme, Pool)

Military spending in France is to reach $433 billion in the 2024-2030 cycle, according to a Friday statement by French President Emmanuel Macron, who noted that the new spending budget marked an increase of $113 billion increase from $320 billion in the 2019-2025 cycle.

At an address to the army at the Mont-de-Marsan air base, Macron noted "The law on military programming (LPM) for 2024-2030 reflects the efforts made by the state to strengthen its army. They are proportionate to current dangers, which are significant. In 2024-2030, the government will allocate 400 billion euros ($433 billion) to the defense ministry."

The President noted that part of the spending will be directed towards increasing the power of French air defense systems 2-fold. French intelligence will also receive a 60% budget increase in the next 7-year cycle.

Macron further noted that non-budgetary spending, which will reach approximately $14 billion, will also be spent on infrastructure and other related matters.

Regarding the continued efforts to modernize the French nuclear deterrence forces, Macron emphasized that $6 billion will be allocated to that purpose, in 2023 alone.

The budget increase, the French President argued, came against the backdrop of the war in Ukraine. He explained that the French military must "reform and transform" if it is to be able to operate both within NATO and independently.

"It is necessary to pay special attention to the speed of response and build up the power of our army, because we do not choose the conflicts in which we might have to participate," Macron added.

Furthermore, Macron emphasized that in order to remain competitive, France should invest in military-related new technologies, such as the development of quantum computers and artificial intelligence.

Read more: Nationwide union strikes in France take place against Macron reforms

  • Emmanuel Macron
  • military spending
  • France

Trending Now

All
Meloni describes Macron's invite to Zelensky as 'inappropriate'

Italy's Meloni slams Macron's invite to Zelensky as 'inappropriate'

Most Read

US dollar may lose status as global reserve currency: Yellen

US dollar may lose status as global reserve currency: Yellen

  • US & Canada
  • 22 Mar
Ukrainian President Volodymyr Zelensky speaks at a press conference on 25, February, 2022. (AFP)

Kiev unable to launch counteroffensive: Zelensky

  • Europe
  • 25 Mar
Europe's move has only increased Putin’s esteem outside the West -- but estimation of Europe’s political nous and understanding of Russia, however, is sharply diminished.

Lawfare Comes into Fashion: The New Geo-political ‘Rack’

  • Analysis
  • 25 Mar
Crewmen enter Bradley fighting vehicles at a US military base at an undisclosed location in Northeastern Syria, on November 11, 2019 (AP)

US occupation bases under fire in Syria for second day in a row

  • MENA
  • 24 Mar

Read this

All
Mounted police disperse anti-government protesters in 'Tel Aviv', occupied Palestine, March 27, 2023 (AP)
US & Canada

IOF separating protesters, Netanyahu supporters to curb clashes

  • Today
File photo of United Nations Security Council meeting. (AFP)
Europe

UNSC fails to adopt Russian draft calling for Nord Stream probe

  • Today
.
Palestine

Report shows settlers' trust in Israeli institutions hits record low

  • 27 Mar
Ukrainian soldiers ride atop a British-supplied APC on the frontline in Bakhmut, Donetsk region, Sunday, March 26, 2023 (AP Photo/Libkos)
Europe

Biden to escalate in Ukraine: NYT

  • Today
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS