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France to Cut Public Spending by €54 Billion to Reduce Deficit
French Prime Minister Sébastien Lecornu announced on Thursday that France will cut public spending by €54 billion next year to reduce the country's deficit. The deficit is now projected to widen to 5.4% of GDP in 2026, exceeding the initial target of 5%. The government aims to regain control of public finances by 2027, though economists express skepticism about this timeline. The announcement comes seven months before the country's presidential election, with concerns about potential public demonstrations.
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- Centre (3): Financial Times, France 24, Le Monde