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France is to raise spending on its military by more than 40 percent with much of the money going to nuclear weapons and new equipment. The hike will mean the country reaches a Nato target of two percent of GDP on defence by 2025.

A bill discussed in cabinet on Thursday proposes spending 295 billion euros on the armed forces between 2019 and 2025, following a decade of budgetary restraint that saw 60,000 jobs go.

This year’s budget of 34.2 billion euros will rise 1.7 billion euros annually until 2022 and then by three billion euros a year for the following three years, assuming that the next government sticks with the plan.

The spending spree will place the burden of austerity on other branches of government, who have been ordered to cut spending to reach the EU’s target of a deficit of 2.0 percent of GDP.

The armed forces ministry intends to create 6,000 jobs for military and civilian personnel between now and 2025, 1,500 of them in cyberdefence and 1,500 in intelligence

The turnaround in policy began under the previous government in 2015 because of the Paris terror attacks.

But they are also in line with the Nato plan and US President Donald Trump’s demand that European members contribute more to the military alliance. Read More …

 

The spending spree will place the burden of austerity on other branches of government, who have been ordered to cut spending to reach the EU’s target of a deficit of 2.0 percent of GDP. The armed forces ministry intends to create 6,000 jobs for military and civilian personnel between now and 2025, 1,500 of them in cyberdefence and 1,500 in intelligence The turnaround in policy began under the previous government in 2015 because of the Paris terror attacks. But they are also in line with the Nato plan and US President Donald Trump’s demand that European members contribute more to the military alliance. alliance