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.