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France to Cut Extra €4.7B in Spending This Year as Debt Hits New Record

Summary by Politico Europe
Government says new spending cuts are required to keep budget deficit down.

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The French government said it would cut spending by almost 5 billion euros this year to help meet its budget deficit target of 5.4 percent of gross domestic product. The Economy Ministry said Thursday that the cuts were...

·Romania
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François Bayrou's government is looking for €40 billion in savings to reach the deficit target of 4.6% of GDP next year. A rate still very far from...

The government justifies these measures by the need to control the public deficit, despite tax revenues that are in line with the forecasts. Paris — It is a new round of budgetary cuts that awaits French public finances. The government announced this Thursday a further reduction of €4.7 billion in expenditure for this year, in order to meet its target of a public deficit of 5.4% of GDP. According to Bercy, these adjustments are indispensable: th…

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The costs of several departments, the healthcare system and municipalities slightly exceed the budget

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trend.sk broke the news in on Thursday, June 26, 2025.
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