France to Add €300M to 2017 Defense Equipment Budget

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  1. Pathfinder

    Pathfinder Lieutenant Colonel

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    France to Add €300M to 2017 Defense Equipment Budget

    PARIS — France will lift its 2017 defense equipment spending by €300 million (US $337 million), bringing the total for acquisition of military materiel to €17.3 billion, said Ministry of Defense spokeswoman Valérie Lecasble on Thursday.

    The total 2017 defense budget will rise to €32.7 billion, excluding pensions, she told journalists. That compares to the 2016 defense budget of €32 billion, with €17 billion for procurement.

    Of the total budget, €11.4 billion will pay salaries.

    http://www.defensenews.com/articles/france-to-add-300m-to-2017-defense-equipment-budget
     
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