Macron announces extra military spending over next two years
French President Emmanuel Macron announced on Sunday an additional 6.5 billion euros (7.6 billion U.S. dollars) in military spending to be allocated over the next two years, aiming for annual defense expenditure to reach 64 billion euros by 2027, Xinhua reports.
In an address to the nation's armed forces, Macron outlined France's military direction and strategic vision, and he noted that military spending "is and will continue to be a source of wealth for our gross domestic product, our economy, and our regions."
The French president also revealed plans to explore the creation of a new national service initiative.
(1 euro = 1.17 U.S. dollar)
Earlier, French President Emmanuel Macron announced that he is prepared to introduce a nationwide ban on social media access for children under the age of 15 “in the coming months” if the European Union fails to advance regulatory efforts in this area.