France's 2026 budget will be a 'nightmare,' says government spokeswoman

The government spokesman, Sophie Primas, warns this Wednesday that the 2026 budget will be "a nightmare." Objective: to reduce the public deficit to 4.6% of GDP while financing rearmament, all without a massive increase in taxes.

The difficulties "add up" around the future finance law, noted on Wednesday 26 March Sophie Primas, warning that "each will be put to use" to reduce the deficit.

France's 2026 budget will be a 'nightmare,' says government spokeswoman

PARIS - Balancing France's budget for the 2026 calendar year will be a tough challenge due to needing to both cut the deficit and make room for higher military spending, government spokeswoman Sophie Primas said on Wednesday.

As soon as the 2025 budget closed, the executive took the lead in preparing its successor. In its viewer, "new challenges" and new "financial difficulties".

France's Surprise: Public Deficit Narrower Than Expected

France's Surprise: Public Deficit Narrower Than Expected Data released by France's statistics agency, INSEE, on Thursday revealed that the country's public sector budget deficit for 2024 widened to 5.8% of GDP. This figure, while larger than the previous year's 5.4%, managed to outperform the government's initial forecast of 6.0%.Increased spending and shortfalls in tax revenue forced the government to adjust its deficit projections for 2024 mul…

Upstream of the Eurométropole Council on Friday, March 28, the executive with the handlettes defends a primitive 2025 budget that would be both ambitious for the territory and "supervisory" on the debt.