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What will be the impact on France's public deficit by end of 2025?
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Resolution / Starting Odds
Significant reduction • 25%
Moderate reduction • 25%
No significant change • 25%
Increase • 25%
French government financial reports and deficit metrics
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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Between 5% and 5.5% • 25%
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New budget adopted • 33%
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