US EditionBudget: Holidays Abolished, "White year"... What to Remember From Bayrou's Announcements
41 Articles
41 Articles
It is from the "Covid" room of the Ministry of Health, high place of the health crisis, that the Prime Minister unveiled this Tuesday 15 July his plan to redress public finances. Savings, efforts...
Four years of effort, that's what François Bayrou is asking the French to stabilize the debt. The Prime Minister detailed a double plan this Tuesday, in the afternoon. We will have to make savings, but also work more. With as a goal, not 40, but 43.8 billion euros. He announced that 2026 will be a white year, understand a year in which no retirement, no tax scale, no family allowance will be increased, even with inflation. (Economy).
On Tuesday, the Prime Minister announced drastic measures to reduce the public deficit by €43.8 billion in 2026. The Head of Government warned that "everyone" would have to "take part in the effort" to raise public spending.
On 15 July, François Bayrou prescribed a two-part "shock treatment" with a first "debt stop" plan, spread over four years, including measures such as the freezing of pensions and budgets, and a second plan including the abolition of public holidays.
Austerity in France: How Prime Minister Bayrou Wants to Reduce Budget Deficit and Avoid a Censorship
The French Prime Minister François Bayrou proposes a strong package of austerity measures to reduce the budget deficit of France, which is at critical level. The plan includes the freezing of pensions, social spending ceilings and the elimination of two free legal days, according to Reuters.
François Bayrou, surrounded by several ministers, presented this Tuesday 15 July its budget lines for 2026, targeting nearly 44 billion euros in savings.
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