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 has unveiled a strategy to accelerate defence expenditure, committing to double the military budget by 2027. The decision comes as geopolitical tensions “are happening faster than expected”.

On the eve of France's National Day, the president promises "a new, historic, and essential effort" to rearm the country, which will include a salary increase for the military. Emmanuel Macron has used his traditional speech on July 13,