France to increase defence budget by €1.7 billion

[Vergennes]

Despite the coronavirus,France will increase its defence budget by €1.7 billion in 2021 in accordance with the military programming law 2019-2025.

It will reach €39,2 billion an increase of 4,5%. The French ministry of defence will get the biggest budget increase of any other ministry.

Since Emmanuel Macron took power in 2017,the defence budget has increased by nearly €7 billion.

Défense: budget 2021 de nouveau en hausse de 4,5% confirme Parly

Le budget du ministère des Armées va de nouveau croître en 2021, à 39,2 milliards d'euros (+4,5%), conformément à la loi de programmation militaire 2019-2025 (LPM), confirme lundi Florence Parly dans un entretien au Parisien. "Nous sommes exactement sur la trajectoire de la loi de...

www.boursorama.com

 

[Gary]

Not just France, everybody is increasing their defense spending, From China,Japan,SK,OZ,US,Indonesia

 

[Vergennes]

A record €22 billion will be spent on equipments and infrastructures in 2021.

Some of the equipments to be delivered in 2021 ;

- An air defence frigate (FREMM Alsace)
-6 NH90
-3 A330 MRTT
-157 VBMR Griffon
-20 EBRC Jaguar
-1 satellite
-14 upgraded Mirage 2000D
-2 upgraded Atlantique 2
-3 upgraded C130
-12.000 HK416
-120.000 F3 uniforms.
-Aster and Exocet missiles,torpedoes...