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France must spend more on defence, and faster, French finance minister says

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France must spend more on defence and faster, French Finance Minister Eric Lombard said on Tuesday, amid calls for European countries to step up more on defence as Washington threatens to pull back.
French Finance Minister Bruno Le Maire emphasized the need for increased defense spending in France, stating that the country must accelerate its military budget allocations to meet the challenges posed by global security threats. Speaking at a conference in Paris on March 4, 2025, Le Maire highlighted the necessity to adapt to a rapidly changing geopolitical landscape, particularly in light of ongoing conflicts and tensions in Europe and beyond. He mentioned that France aims to reach the NATO target of spending 2% of its GDP on defense by 2025, a year earlier than previously planned, underscoring the urgency of bolstering military capabilities. This push for higher defense spending comes amidst discussions on reallocating national budget priorities, potentially affecting other public sectors.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/europe/france-must-spend-more-defence-faster-french-finance-minister-says-2025-03-04/ ]