France aims to spend €76.3B on defense in 2030 – POLITICO

PARIS — The French government presented its updated military planning law Wednesday that earmarks an extra €36 billion for defense by 2030.

"The goal is for our armed forces to be capable of facing a potential major deployment within a timeframe that no one can predict," French Armed Forces Minister Catherine Vautrin told reporters. "There will be additional orders of all types of munitions," she added.

The bill allocates an overall €63.3 billion for defense in 2027, €68.3 billion in 2028, €72.8 billion in 2029 and €76.3 billion in 2030; those sums will need to be approved every year by parliament in actual budgets. However, France is unlikely to reach NATO’s 2035 spending target — 3.5 percent of GDP — as even €76.3 billion would only amount to about 2.6 percent of the country’s GDP.