France to raise defence budget by €1.8 billion in 2018

  • Jakub Maděránek
  • 29.9.2017 20:15

French Economic and Finance Minister Bruno Le Maire announced on Wednesday 27 September that France's defence budget will increase by €1.8 billion in 2018 as part of a five-year plan. The total defence spending for next year should thus reach €34.4 billion.

In 2018, the French defence budget should reach 1.82 % of GDP, which will bring France closer to the 2 % demanded by NATO. France plans to reach this threshold by 2025, resulting in a defence budget of about €50 billion. Within the five-year plan framework, the resources earmarked for overseas operations, to be funded solely by the Ministry of Defence, should increase more than twice. Further growth in spending on equipment procurement and maintenance will account for about 35 % of the planned 2018 defence budget, particularly due to high rates of use in combat missions in Africa and the Middle East. It is precisely the area of foreign missions which should be one of the main topics of a forthcoming discussion over France's Defence Strategy.

About author: Jakub Maděránek

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