💨 Abstract

France plans to increase defense spending, as per President Emmanuel Macron, to 3-3.5% of economic output, currently at 2%, which would imply an increase of at least €30 billion annually. Finance Minister Eric Lombard stated that these funds can only be raised within the deficit reduction plans. The government aims to reduce the public sector budget deficit from 5.4%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖