French President Emmanuel Macron inspects a military drone during a visit to Mont-de-Marsan air base, Nouvelle-Aquitaine, south-western France, in January. EPA
French President Emmanuel Macron inspects a military drone during a visit to Mont-de-Marsan air base, Nouvelle-Aquitaine, south-western France, in January. EPA
French President Emmanuel Macron inspects a military drone during a visit to Mont-de-Marsan air base, Nouvelle-Aquitaine, south-western France, in January. EPA
French President Emmanuel Macron inspects a military drone during a visit to Mont-de-Marsan air base, Nouvelle-Aquitaine, south-western France, in January. EPA


Does France's new military budget really just offer a 'low-cost war economy'?


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April 17, 2023

On the April 4, Sebastien Lecornu, France’s Minister of the Armed Forces, released a new Military Programming Law meant to provide the framework for the country’s defence expenditure during the 2024-2030 period. The government of President Emmanuel Macron has talked of an “historic” budget meant to “transform” its armed forces.

In light of the war in Ukraine and its long-term effect on European security policies, France is determined to remind everyone that since Brexit it remains the de facto biggest military power of the EU. It follows announcements by Germany’s government last February that it would increase its own annual defence budget by €10 billion ($11bn).

At first sight, the new bill submitted by the French government evidences its ambitions: estimated at €413bn, the law represents an increase of more than €100 billion from the previous one for the 2019-2025 period. But the numbers hide a more complex reality. Less than a post-Ukraine military revolution, the bill reflects a compromise that takes stock of several constraints at the strategic, political and economic levels.

French Armies Minister Sebastien Lecornu arrives to welcome the Senegalese Armed Forces Minister at the Hotel de Brienne, the French Ministry of Armed Forces, in Paris on April 13. AFP
French Armies Minister Sebastien Lecornu arrives to welcome the Senegalese Armed Forces Minister at the Hotel de Brienne, the French Ministry of Armed Forces, in Paris on April 13. AFP

First, defence commentators in Paris were quick to point out that the new law does not actually increase the capabilities of French armed forces. Be it for the quantity of its fighter jets, tanks or warships, the government’s decision indicates a status quo if not sometimes a reduction of those items. This may be partly explained by the economic environment — more specifically the inflation rate, which is expected to consume approximately 7 per cent of the total budget (equivalent to about €30bn). Although the government talks of a “war economy” mindset, some claim this is in reality a low-cost war economy.

A second aspect is that the new law is less about building a new military model than about catching up with shortcomings that undermined the readiness of French armed forces for a long time. Despite numerous military interventions across the Sahel and the Middle East, the French armed forces have faced budget cuts in the past two decades, leaving officers frustrated with the feeling that they are constantly asked to do more with less.

The most important area of investment will still be France’s nuclear deterrence

The most important of those shortcomings relates to ammunition stockpiling. Like most European countries, France has seen its ammunition supplies declining since the end of the Cold War. However, the war in Ukraine with its relentless flow of offensives and counteroffensives reminds us of the need to maintain sufficient resources for the long haul.

Given the pledges made by European governments to arm Ukrainian soldiers, the conflict has put unprecedented pressure on the continent’s industries to deliver the weapon stocks needed on the battlefield. The issue goes beyond Europe’s support to Kyiv. A recent parliamentary report in France concluded that the slow pace of production cycles for military supplies would prove untenable were the country to face a high-intensity conflict.

To that end, the new bill also announces €16bn dedicated to the replenishment of its supplies. Likewise, the government promises an increase in personnel as well as in reservists, which will surely have a significant impact on expenditures. There are also significant investments planned for drones and air defence, which would mean €5bn respectively.

But another reason why the military programming law does not reveal any spectacular increase is that the most important area of investment will still be France’s nuclear deterrence. With an annual budget range of between €5bn to €7bn, the nuclear complex remains the biggest component of France’s military strategy. It is unlikely to change with the continuing development of a new ballistic missile and a new generation of nuclear ballistic missile submarines, all expected to enter service sometime in the next decade.

In addition to these operational and financial considerations, this new bill also comes at a difficult time, politically, for the centrist government of Emmanuel Macron. A year after a difficult re-election, the Mr Macron has failed to find a modus operandi with the parliament. In absence of an absolute majority, his party, Renaissance, has tried to build ad hoc coalitions but faced stiff resistance from all oppositions.

This was most recently on display during the contentious debates on Mr Macron’s pension reform, opposed by both the left and right as well as the majority of the public. In March, the reform was eventually imposed on French legislators by using an article of the country’s constitution that allows the government to submit a law without a vote by the National Assembly.

In that environment, far-left opponents of Mr Macron are likely to challenge any new project pushed by his government. Their obstruction is not without substance. In the past, their leader, Jean-Luc Melenchon, called for reducing France’s costly investments in nuclear submarines — favouring space investments.

Even the right-wing party, the Republicans, argued in the Parliament that the financing of the bill presented by the government was unconvincing. This all suggests that defence expenditure will not be immune to the current climate of partisan politics in Paris.

But beyond the issues related to the economic and political constraints, this new military programming law is also a revealing document on how France sees its future security strategy. In fact, the bill tends to nuance the centrality of the Ukraine war in Paris’s thinking. The scenario of a conventional war is mentioned as the first threat but transnational terrorism is next.

For French strategists, the continuing conflict between Kyiv and Moscow surely calls for better preparation of industrial cycles, but in their minds a ground invasion does not represent a scenario that could apply to France. Even then, French forces are trained to operate under the assumption that European and American allies would join them.

The military model emerging from the document is one that still relies on nuclear deterrence as well as new means to project power beyond France’s borders. In particular, new investments allocated to patrol vessels to defend French territories in the Indo-Pacific reflect the enduring desire of Paris to play a role in the region. These were priorities well before the war in Ukraine. In other words, the conflict may change the way Europeans think about using their armed forces, but not so much how they would use them.

SPECS
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Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons

West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins

UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles

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Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Most%20polluted%20cities%20in%20the%20Middle%20East
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2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

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TALE OF THE TAPE

Manny Pacquiao
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Age: 38
Weight: 146lbs
Height: 166cm
Reach: 170cm

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Age: 29
Weight: 146.2lbs
Height: 175cm
Reach: 173cm

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The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

Updated: April 17, 2023, 4:52 PM