PARIS (AP) - France plans to hold the line on military spending while reducing 34,000 defense jobs over the next five years.

PARIS (AP) France plans to hold the line on military spending while reducing 34,000 defense jobs over the next five years.

President Francois Hollande's Socialist government laid out its five-year military program at a Cabinet meeting on Friday that would keep annual defense spending at 31.4 billion through 2016 then rising to 32.5 billion by 2019. Key NATO ally France would remain Western Europe's second-biggest spender on defense after Britain.

The plan goes before Parliament this fall. Socialists and their allies control both chambers.

Defense Minister Jean-Yves Le Drian told Europe-1 radio the plan avoids "drastic cuts" in other deficit-minded Western countries "including the United States."

The plan also cuts back on planned purchases of Dassault's Rafale fighter jet to about 5 per year through 2019 down from 11 previously.