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According to a bill unveiled on Wednesday, the current French defense budget of €34.2 billion ($42 billion) will rise to €50 billion ($61 billion) in 2025, or 2 percent of the nation’s GDP. This is the benchmark level that NATO members are obliged to spend on defense but, historically, few have done so in the past two decades.
Under the proposals, spending would be rise by €1.7 billion ($2.3 billion) a year between 2019 and 2022, increasing to €3 billion ($4.1 billion) annually in subsequent years. Delivering on this promise would make Paris compliant with its NATO obligations.