AFP
France Defence Budget: 37.5 billion Euros

France Defence Budget: 37.5 billion Euros 6 October, 2019

French draft defence budget for 2020 provides a global envelope of 37.5 billion euros. Modernisation of significant equipment, job creations and innovation are the main thrusts of the 2020 budget.

The budget is presented on September 27 to the Council of Ministers by Florence Parly, Minister of the Armed Forces. The draft budget is in line with the commitments of the 2019-2025 Military Planning Act.

The act increases the budget by € 1.7 billion per year until 2022: the 2020 budget thus amounts to € 37.5 billion, an increase of 4.5% compared to 2019;

In terms of equipment, the PLF is accelerating modernisation: two-thirds of the rise of € 1.7 billion is devoted to capability renewal and modernisation.

The draft 2020 budget also pursues investments that contribute to national strategic autonomy and the building of European strategic autonomy. Thus, it devotes € 4.7bn to deterrence, for the renewal of both its naval and airborne components. In the space sector, € 448 million is allocated to renewing satellite capabilities.

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