US EditionFrance Needs Extra €5 Billion in Cuts to Meet 2025 Target
6 Articles
6 Articles
Initial appropriations "will not be committed this year", and "a supplementary reserve will be notified in the coming weeks", says the Ministry of Economy.
The government is preparing a plan to plan state and social security spending, he announced on Thursday 26 June. Objective: to reduce the deficit despite bad economic news.
Faced with a tense budgetary situation, the Ministry of the Economy warns: it is imperative for the State to find 5 billion euros in additional savings in order to meet its financial commitments and contain the public deficit.
At a dinner in Bercy on Wednesday evening with MEPs from the common floor, this deficit reduction scenario was at the centre of the discussions.
In addition to the €1.7 billion savings on health spending, the executive says that €3 billion of state funding "will not be committed this year".
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