France foresees a

Key Information

• France intends to significantly increase its defense spending to €76.3 billion by 2030.
• This investment prioritizes strengthening ammunition stocks over acquiring new weapon platforms.
• The updated plan proposes a temporary solution for a new tank while acknowledging delays in the Franco-German program.

France plans to significantly increase its defense spending, aiming for €76.3 billion by 2030. This increase is part of the country’s revised military planning law. It also allocates an additional €36 billion for defense over the next seven years. The French government emphasizes the need to prepare its armed forces for potential large-scale deployments. Increasing ammunition stocks is a priority in this context.

Prioritizing Ammunition

With this investment, France demonstrates its commitment to enhancing its military capabilities. However, it is unlikely that the country will reach the NATO spending target for 2035, set at 3.5% of GDP. Even with the planned €76.3 billion in defense spending, France would only reach around 2.6% of its GDP.

The updated plan prioritizes strengthening ammunition stocks over acquiring new fighter jets or warships. It is worth noting that it involves developing a new tank to replace the outdated Leclerc model. France acknowledges the delays in the Franco-German next-generation tank program and plans to implement an interim solution. This involves using existing platforms from KNDS France or KNDS Germany and combining them with a French turret.

Parliamentary Approval

The updated military planning law now awaits approval from both houses of Parliament, the National Assembly, and the Senate. French President Emmanuel Macron has set July 14 as the deadline for Parliament to finalize its decision. (fc)

Follow Business AM on Google News as well.

If you want to access all articles, subscribe here!