The French government submitted to Parliament a long-term plan to control the uncontrolled deficit over the next few years. The country is seeking to restore investor confidence and avoid sanctions under the EU's new fiscal rules. The French government promised to reduce the budget deficit as a share of economic output from 6.1% in 2024 to 2.8% in 2029, and to make drastic adjustments starting next year. The plan is based on projected economic growth to accelerate from 1.1% next year to 1.4% in 2026 and 1.5% in 2027.

Zhitongcaijing · 10/21 15:33
The French government submitted to Parliament a long-term plan to control the uncontrolled deficit over the next few years. The country is seeking to restore investor confidence and avoid sanctions under the EU's new fiscal rules. The French government promised to reduce the budget deficit as a share of economic output from 6.1% in 2024 to 2.8% in 2029, and to make drastic adjustments starting next year. The plan is based on projected economic growth to accelerate from 1.1% next year to 1.4% in 2026 and 1.5% in 2027.