France to allocate almost €44 billion to finance its army in 2023

The military budget of France in 2023 will reach almost 44 billion euros, the French Ministry of Armed Forces said, Report informs.

In 2023, the budget of the French army will be increased for the sixth time in a row and will amount to 43.9 billion euros, the ministry said.

The allocations to the armed forces will thus increase by 3 billion compared to 2022.

The ministry notes that a new program for the development of the armed forces and weapons for 2024-2030 is currently being prepared. The draft will be submitted to Parliament no later than December.