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What level of deficit reduction will France achieve in 2025?
2
Resolution / Starting Odds
Full success (€53 billion savings achieved) • 25%
Partial success (€30-52 billion savings achieved) • 25%
Minimal success (less than €30 billion savings achieved) • 25%
Failure (no savings achieved) • 25%
French government's official budget reports
Story
France Targets €30 Billion Cuts, €21 Billion Revenue Boost in 2025 Budget
Jan 15, 2025, 07:36 AM
The French government has announced plans for the 2025 budget, aiming to reduce public spending by over €30 billion and increase revenues by €21 billion. Amélie de Montchalin, the Minister of Public Accounts, described this as a "historic effort" to address the country's deficit, noting it as the largest effort in 25 years. She confirmed that €32 billion in savings and €21 billion in revenue increases are targeted, with an overall goal of €53 billion in savings. Measures include merging state agencies and implementing an anti-tax-optimization mechanism. The government emphasized that there will be no tax increases for middle and lower-income groups. Additionally, inflation is projected at 1.4% for 2025. These initiatives are part of broader efforts to reduce France's public debt and deficit.
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5% or lower • 25%
Between 5.5% and 6% • 25%
Between 5% and 5.5% • 25%
Above 6% • 25%
Below 5% • 25%
5.5% to 6% • 25%
Above 6% • 25%
5% to 5.5% • 25%
Between 5.4% and 6% • 25%
Below 5.4% • 25%
Exactly 5.4% • 25%
Above 6% • 25%
3% to 5% • 25%
Above 5% • 25%
Below 1% • 25%
1% to 3% • 25%
Tax increases only • 25%
Spending cuts only • 25%
Neither • 25%
Both spending cuts and tax increases • 25%
Another interim budget measure • 34%
New budget adopted • 33%
2024 budget extension continues • 33%