France had aimed to double its defence budget from 2017 levels by 2030. However, Macron pledged to reach the target by 2027. A military budget that stood at 32 billion euros ($37.40 billion) in 2017 will rise to 64 billion euros by 2027, with an additional 3.5 billion euros allocated for next year and another 3 billion euros in 2027.

French President Emmanuel Macron said on Sunday that France would increase its defence budget more quickly than originally planned, announcing additional spending of €3. 5 billion ($4 billion) for 2026 and €3 billion for 2027 amid military threats from Russia.

French President Emmanuel Macron announced Sunday that France will accelerate its defense buildup, committing to a “new” and “historic” surge in military spending in response to escalating global threats and the prospect of war in Europe.