Arab Press

بالشعب و للشعب
Monday, Jun 24, 2024

France plans massive increase in military budget amid Ukraine war

France plans massive increase in military budget amid Ukraine war

The French government on Tuesday approved a key budget bill presented as the country's biggest military spending spree in more than 50 years, underscoring the impact of the war in Ukraine.

The bill foresees €413 billion in military spending for the period covering 2024-2030 - up by more than a third relative to the previous timeframe.

Nuclear deterrence will be one of the key chapters of this budget increase, with the construction of a new-generation nuclear-powered aircraft carrier. President Emmanuel Macron's government also wants to invest in cyber, space and submarine defence.

"In any case, it is the Russian aggression in Ukraine that provokes a need for security in most of the partners of continental Europe," said France's Minister of Defence, Sebastien Lecornu.

Lecornu also pointed to the need for anti-drone technology, as well as equipment and ammunition.

The budget bill will be debated in parliament in May-June with the aim of entering into force by mid-July, Lecornu said.

Macron’s centrist alliance doesn’t have a majority in either house of parliament, but military officers have long lamented shrinking armed forces spending, while conservative and far-right parties tend to support investment in defence.


Global trend


Poland announced at the beginning of the year that it will devote 4% of its GDP to defence. This unprecedented expenditure will include massive purchases of fighter planes and tanks from the United States and South Korea, and drones from Turkey.

But, undoubtedly, the great military revolution is that of Germany, which in the heat of the Russian invasion of Ukraine, announced a $100 billion increase to its 2022 military budget to modernize its Armed Forces.

Dramatic increases in their defence spending have also been announced by the Baltic countries, Italy, the United Kingdom, and Sweden, which is waiting to join NATO after decades of neutrality.

The trend is not only European, but worldwide, with countries including Australia, South Korea, and Japan rearming at a rapid pace in a climate of military tension and nervousness reminiscent of the Cold War.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
United States Bans Kaspersky Antivirus
White House Cancels US-Israel Meeting Amid Netanyahu's Accusations
Muslim Community Leader Criticizes Nigel Farage for Undermining Muslims
Hezbollah Chief Threatens All of Israel Amidst Escalating Conflict
Canada Lists Iran's Revolutionary Guards as Terrorist Group
Iran Sentences Nobel Laureate Narges Mohammadi to 1-Year Prison Term for Propaganda
Japan Considers Sanctions on UAE-Based Entities for Aiding Russia
Israel Rescues Four Hostages from Gaza
Iran Approves Six Candidates for Presidential Election After Raisi's Death
Israeli Commander Resigns After Hamas' October 7 Attack
Israeli War Cabinet Minister Benny Gantz Resigns Over Gaza Strategy
UN to Add Israel to Human Rights Blacklist
Labour Party to Pledge Recognition of Palestinian State in Election Manifesto
Hamas Rejects Biden's Gaza Ceasefire Proposal as 'Just Words'
Hamas Has Not Responded To Latest Ceasefire Proposal: Qatar
State of Palestine Seeks to Join UN Court Case Accusing Israel of Genocide
Hezbollah Launches Drone Squadron Towards Israeli Military Targets
US-Built Pier in Gaza Faces Setbacks and Repairs
Norway, Ireland, and Spain Recognize Palestinian State
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
Death of Iran's President Raisi Stirs Succession Race for Supreme Leader
What Happens If an Iranian President Dies in Office?
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
FedEx Airlines Boeing 767 cargo plane lands on nose at Istanbul Airport
Netanyahu's Firm Stance Amid Rafah Hostage Talks
Blinken on Gaza: Ceasefire is Key to Humanitarian Crisis Resolution
UAE Prime Minister Announces $544M for Home Repairs after Historic Rains, Vows to Learn from Experience
Isfahan Explosions: US Media Reports Israel's Retaliatory Strikes on Iran
Four Dead, Dubai Airport Disrupted: UAE's Heaviest Rains in 75 Years Cause Flooding and Flight Chaos
Dubai Airports: Stranded Tourists 'Living on Duty Free,' Desperate for Food and Water
Heavy Rains Cause Flooding in UAE and Oman: 18 Lives Lost
You can be a very successful player, but a player with character is another level!
Unprecedented Flooding Disrupts Dubai
Ajman Crown Prince Declares Remote Work Day for Government Employees Due to Weather (Except Essential Jobs)
IDF released footage showing Israeli fighter jets downing some of the 300 drones and missiles fired from Iran at Israel.
The West stands with Israel, Iran is furious: "Double standards and irresponsibility"
Huge Queues at Iranian Gas Stations
Stabbing rampage terror attack in Sydney, at least four people killed, early reports that a baby was among those stabbed.
Scandal in Iran after a goalkeeper had the audacity to hug a female fan who stormed the pitch
Iran fired more than 300 drones and missiles at Israel overnight. Israel Reports Light Damage After Iran Launches Large Strike.
Saudi Arabia calls for "restraint" amid Iranian strikes on Israel
Iran launched dozens of drones at Israel on Saturday but they will take hours to reach their targets, Israel's military said
Online YouTube streamer N3ON was just sentenced to AN ENTIRE YEAR in prison in Dubai for filming and live-streaming, without “proper permits”
UN Chief Warns: Gaza Outflow to Egypt Would Derail Israeli-Palestinian Peace
Record Number of Arab Soldiers Serve in IDF Amidst Ongoing Gaza Conflict: A Personal Story of Loyalty and Advocacy
Major Charities Warn of Genocide in Gaza: 'Impossible' to Deliver Aid, Israel Accused of Complicity
Biden Warns Netanyahu: US Aid to Israel Depends on Gaza Civilian Protection
Israel Reopens Gaza Border for Temporary Humanitarian Aid Amid International Pressure
United Arab Emirates suspends diplomatic relations with Israel
DOZENS OF ARMED FIGHTERS ATTACK 3 IRANIAN MILITARY FACILITIES
×