The French government presented, on Thursday 10 October, a 2025 draft budget plan designed, in the words of the Minister for the Budget, Laurent Saint-Martin, to “act quickly and decisively” to redress the deterioration in public finances that has accelerated since the Covid-19 pandemic.
Echoing the announcements made by Prime Minister Michel Barnier (see EUROPE B13494A15), this draft budget plan aims to reduce the public deficit from 6% to 5% of national GDP by the end of 2025. Of this...