France Explores New Funding Strategies for Military Expansion Without Raising Taxes

President Macron emphasizes the need for increased defense spending while ruling out tax hikes, proposing public and private funding solutions.

President Emmanuel Macron has called for significant increases in France's defense budget to address growing security concerns, particularly regarding Russia and the U.S.-Russia rapprochement.
Macron insists that the additional military investments will not involve raising taxes, instead advocating for innovative funding approaches, including private sector contributions.
Defense Minister Sébastien Lecornu has suggested a voluntary 'patriotic' savings program for French citizens to help finance the military expansion.
The French government faces challenges balancing increased defense spending with strict EU deficit rules and existing public finance constraints.
Discussions are ongoing about leveraging European funds and other private investments, while ensuring social acceptance of the proposed budgetary adjustments.