defence budget

Macron announces €6.5 billion extra military spending, aims to double defence budget

France will increase its military spending by an additional €6.5 billion over the next two years amid rising global threats. French President Emmanuel Macron made the announcement on Sunday.

17:30

RUSSIA BUDGET

Russia budget deficit reaches 2025 target level of 1.7% GDP in first half of year

Russia's budget deficit reached 3.69 trillion roubles ($46.89 billion), or 1.7% of gross domestic product (GDP), in the first half of the year, the same as expected for the full year, the finance ministry said.

Australia stands firm on defence budget amid Trump pressure

08:00

Australia NATO

Australia stands firm on defence budget amid Trump pressure

Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.

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