Having set the main objective of saving a sum of 40 billion euros, French Prime Minister François Bayrou today presents the country’s state budget guidelines for 2026. The goal of the French Prime Minister is the fiscal deficit of 20% of France. compared to 5.4% estimated to be at the end of 2025. France has the largest fiscal deficit between euro countries while its public debt, which amounts to 114% of GDP, is the third largest after Greece and Italy. In general, the French prime minister is expected to prefer a reduction in government spending rather than increasing taxation. There will be an exception to defense spending which, as announced yesterday, Sunday, French President Emmanuel Macron will increase by 6.5 billion euros in the next two years. According to French press reports among the measures being discussed is the reduction of expenditure […]
Source: News Beast
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