The China Mail - France to boost defence spending by a third

USD -
AED 3.672504
AFN 64.519621
ALL 80.779721
AMD 360.802
ANG 1.789785
AOA 916.999858
ARS 1527.447505
AUD 1.425598
AWG 1.8025
AZN 1.690302
BAM 1.74323
BBD 2.01312
BDT 123.616236
BGN 1.747831
BHD 0.377167
BIF 2998.021285
BMD 1
BND 1.276806
BOB 11.749291
BRL 5.052296
BSD 0.999519
BTN 94.708742
BWP 13.730681
BYN 2.955595
BYR 19600
BZD 2.010179
CAD 1.400655
CDF 2316.000261
CHF 0.821095
CLF 0.025048
CLP 985.809824
CNY 6.67805
CNH 6.672325
COP 3188.49
CRC 456.129406
CUC 1
CUP 23.987914
CVE 98.274087
CZK 21.653012
DJF 177.986345
DKK 6.665325
DOP 61.334165
DZD 134.788985
EGP 55.2951
ERN 15
ETB 163.715083
EUR 0.891702
FJD 2.237201
FKP 0.74735
GBP 0.746545
GEL 2.590023
GGP 0.74735
GHS 11.584398
GIP 0.74735
GMD 74.000624
GNF 8846.284115
GTQ 7.638521
GYD 209.075352
HKD 7.841635
HNL 26.831203
HRK 6.719199
HTG 130.960074
HUF 326.5645
IDR 18057.35
ILS 3.113399
IMP 0.74735
INR 94.8107
IQD 1515.232544
IRR 1832375.000205
ISK 121.460267
JEP 0.74735
JMD 158.6805
JOD 0.708968
JPY 156.897976
KES 129.85986
KGS 87.449098
KHR 4066.044252
KMF 439.504688
KPW 899.999961
KRW 1324.740232
KWD 0.31038
KYD 0.832932
KZT 447.742304
LAK 22497.63802
LBP 89505.945059
LKR 331.782448
LRD 170.418336
LSL 16.484928
LTL 2.95274
LVL 0.60489
LYD 6.403194
MAD 9.810507
MDL 17.951049
MGA 4532.327932
MKD 54.922959
MMK 2100.348965
MNT 3600.056668
MOP 8.072357
MRU 39.940639
MUR 47.009898
MVR 15.460163
MWK 1733.158636
MXN 18.726902
MYR 4.083902
MZN 63.897352
NAD 16.484928
NGN 1330.949933
NIO 36.784498
NOK 9.32547
NPR 151.519986
NZD 1.75606
OMR 0.384443
PAB 0.999519
PEN 3.433784
PGK 4.476175
PHP 63.412989
PKR 276.638679
PLN 3.9038
PYG 5731.144268
QAR 3.653477
RON 4.768403
RSD 104.793024
RUB 81.89821
RWF 1477.262599
SAR 3.754204
SBD 8.07458
SCR 14.043992
SDG 601.500097
SEK 9.911495
SGD 1.27734
SHP 0.7473
SLE 22.950301
SLL 20969.504398
SOS 571.242669
SRD 37.649498
STD 20697.981008
STN 21.837175
SVC 8.745566
SYP 13001.999685
SZL 16.483056
THB 33.720965
TJS 9.190427
TMT 3.51
TND 2.978845
TOP 2.40776
TRY 49.732102
TTD 6.782894
TWD 32.604971
TZS 2645.000289
UAH 45.040287
UGX 4282.760219
UYU 40.073087
UZS 11901.705974
VES 879.788899
VND 25841
VUV 118.928057
WST 2.764707
XAF 584.917937
XAG 0.018535
XAU 0.000249024447
XCD 2.70255
XCG 1.801344
XDR 0.707052
XOF 584.917937
XPF 106.29802
YER 236.095602
ZAR 16.51085
ZMK 9001.201353
ZMW 20.065244
ZWL 321.999592
SSP 5745.817056
MXV 2.1137
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

France to boost defence spending by a third
France to boost defence spending by a third / Photo: © POOL/AFP

France to boost defence spending by a third

President Emmanuel Macron on Friday announced plans to increase France's defence budget by a third for the next seven years, after Russia's invasion of Ukraine last year rattled Europe.

Text size:

The announcement came a day after more than a million people protested in France against a proposed reform to cut pensions deficits.

Macron said he would ask parliament to approve a new budget of more than 400 billion euros ($430 billion) for 2024-2030, up from 295 billion euros for the 2019-2025 period.

"After repairing the armed forces, we are going to transform them," he told soldiers at the southwestern air base of Mont-de-Marsan.

"We need to do better and do it differently," Macron added.

We need to "privilege rapid action and increasing power because we won't choose the conflicts we will have to wage."

Macron also said the budget for military intelligence would be increased by 60 percent for the same period, and he hoped to double the country's ability to respond to major cyber attacks.

The presidency has also said France wanted to increase its air defences by 50 percent.

The new defence bill for 2024-2030, that still requires a parliamentary vote, also hoped to boost military equipment production "to respond to the needs of the armed forces" but also "to the expectations of a partner" like Ukraine, the Elysee has said.

Paris has boosted defence spending in recent years, but its military capacities have come under scrutiny since Russia in February last year invaded pro-western Ukraine.

France has delivered weapons to Ukraine since the invasion, but less than some of Kyiv's other Western allies.

It has provided weaponry like the Caesar howitzer artillery system and created a fund of 200 million euros for Ukraine to buy equipment directly from French manufacturers.

It has also pledged to hand over highly-mobile AMX-10 RC light tanks, which are wheeled rather than tracked but have a much heavier cannon typical of a tank.

France's needs are not the same as Ukraine's, the French presidency has said.

"France is not Ukraine. It doesn't have the same security interests, and doesn't have a border with Russia," it has said.

"We have nuclear weapons and we belong to the European Union and NATO."

But it does need to be able to respond rapidly within a European framework, with or without NATO, which would mean deploying 20,000 troops at short notice.

S.Davis--ThChM