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Will France's budget deficit fall below 3% of GDP by 2027?
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Resolution / Starting Odds
Yes • 50%
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Official financial statements or reports from the French government
Story
France Freezes 2025 Spending at €492B, Targets €10B Savings and Deficit Below 3% GDP
Aug 20, 2024, 06:06 PM
France's caretaker government has announced that it will maintain state spending at €492 billion for 2025, the same level as in 2024. This decision is expected to result in approximately €10 billion in savings when adjusted for inflation. The move is part of a broader strategy to reduce the country's budget deficit to less than 3% of GDP by 2027. The Prime Minister's office confirmed that the spending limits on ministries imply significant savings, which will aid in achieving the fiscal targets.
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