This year's French Open will enjoy an increase in prize money of more than 10 percent than 2013, said the French Tennis Federation on Tuesday.

The total money will be 25 million euros (about 34.5 million U.S. dollars), with champions of the men's and women's singles each earning 1.65 million euros, 10% up on last year.

Early losers who fail to progress beyond the second, third and fourth rounds, however, will receive 20 to 25 percent more prize money than in 2013.

"This considerable increase in the prize money for Roland-Garros is in line with the four-year plan drawn up for the period 2013 to 2016," said tournament director Gilbert Ysern.

The prize money of this year's Australian Open was 33 million Australian dollars (about 30.98 million dollars), while that of last year's Wimbledon Open and U.S. Open was respectively 22.56 million pounds (about 37.7 million dollars) and 33.6 million dollars.