World

France to raise defense budget by 3.8 bln euros from 2016-2019

French President Francois Hollande speaks to the press following a defense council meeting on April 29, 2015 at the Elysee presidential Palace in Paris. AFP PHOTO / STEPHANE DE SAKUTIN

PARIS: French President Francois Hollande said on Wednesday he would increase the country's defense budget by 3.8 billion euros over four years from 2016 to ensure the army had the capacity to deal with threats at home and handle overseas operations.

"France is facing threats at home and overseas," Hollande told reporters. "Security, protection, independence are principles that are not negotiable."

He said the defence budget in 2015 would remain at 31.4 billion euros ($34.51 billion), but that an extra 3.8 billion euros would be given to the army over the period between 2016-2019.

Holland also said France would cancel more than half of the 34,000 military personnel cuts that had been planned for the next four years.

He did not say how the extra costs would be financed.

 

Recommended





Advertisement

Comments

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)

comments powered by Disqus

Advertisement

FOLLOW THIS ARTICLE

Interested in knowing more about this story?

Click here