Macron announced an increase in France's military budget to €64 billion by 2027

The French authorities intend to increase the growth rate of defense spending, in 2027 this figure should reach €64 billion. This was announced on July 13 by President of the Republic Emmanuel Macron.

"Although we planned to double the military budget by 2030, we will do it by 2027," he said at a speech broadcast on the page of the Elysee Palace on the social network X (former. Twitter).

According to the newspaper Le Figaro, France is still far from 3.5% of GDP allocated to defense. According to Macron, additional funds will be used to increase stocks of ammunition, drones, space assets, as well as to increase the level of training.

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The NATO summit ended in The Hague on June 25. Following the meeting, the countries agreed to raise defense spending to 5% of GDP.

After that, on June 26, the heads of the EU member states confirmed the goal of achieving the ability to autonomously solve defense and security tasks in five years by adopting an appropriate document. They also noted the importance of joint projects aimed at improving the defense capabilities of the EU countries.