July 14, 2025 10:46 AM
France’s Macron announces plan to accelerate military spending
President Emmanuel Macron on Sunday announced a plan to push forward France's defence spending, pledging to double the military budget by 2027 - three years earlier than originally planned - in response to a complex geopolitical moment. 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 b...