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Will France achieve €50 billion in savings through spending cuts by 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from the French Ministry of Finance or credible financial news sources
Story
France Targets 2025 Deficit Between 5%-5.5% of GDP, Plans €50 Billion Savings
Jan 6, 2025, 07:56 AM
The French government aims to reduce its public deficit to between 5% and 5.5% of GDP by 2025, according to Finance Minister Eric Lombard and Budget Minister Amélie de Montchalin. Lombard stated that bringing the deficit down to 5% by 2025 would be too ambitious, emphasizing that the deficit 'will not significantly exceed 5%'. The government plans to achieve €50 billion in cost savings in 2025, primarily through spending cuts rather than new tax increases beyond those already announced, including a special tax on the biggest companies. Lombard reiterated that the 2024 deficit is projected to be around 6.1% of GDP and that they aim to reduce it progressively, targeting a deficit below 3% by 2029.
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Yes • 50%
No • 50%
2024 budget extension continues • 33%
New budget adopted • 33%
Another interim budget measure • 34%
Budget passed without major changes • 25%
Budget passed with major changes • 25%
Budget rejected • 25%
Budget delayed • 25%
Special tax on large companies • 25%
Cost-saving measures • 25%
Other sources • 25%
Maintained existing taxes • 25%
Government makes significant concessions • 25%
Government faces a successful motion of censure • 25%
Government survives without changes • 25%
Other outcome • 25%
Approved with major changes • 25%
Approved without major changes • 25%
Rejected • 25%
Not proposed • 25%