Within 7 years, France will increase by more than a thirdThe funds will be used for
What is known
The total defense budget for the period from 2024 to 2030 will be a record €413.3 billion, including €13.3 billion in off-budget spending. The main reason is the war in Ukraine.
First, France wants to strengthen its owndefense potential against the backdrop of Russian aggression. Secondly, Paris needs to replenish stocks after the transfer of military equipment to the Armed Forces of Ukraine. Third, NATO countries must invest 2% of GDP in defense.
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France will spend €16 billion to buy weapons,including long range missiles, F321 heavy torpedoes and anti-ship missiles. €5 billion each will be invested in strengthening the air defense system, intelligence / counterintelligence and unmanned aerial vehicles.
€10 billion France invests in developmentinnovative technologies, including swarms of drones and laser weapons. The space sector will receive €6 billion, and to strengthen protection against hacker attacks, another €4 billion will have to be spent. Keeping the army in combat condition will require another €49 billion. This applies to all branches of the armed forces of France.
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The French defense budget provides for the purchaseaircraft carrier PANG and 15 FDI frigates for 7 years for the French Navy. The ground forces will receive funding for the SCORPION modernization program to improve ground equipment, including Leclerc tanks. The Air Force will be able to purchase 32 new Dassault Aviation fighter jets.
(€1 = $1.1203)
