French Government Targets €53 Billion Savings

The French government is targeting savings of €53 billion ($54.6 billion) to reduce the country’s deficit, announced Budget Minister Amelie de Montchalin. The plan includes:

• A €32 billion cut in state expenditure.
• An increase of €21 billion in tax revenue.

In a Wednesday interview with TF1 television, De Montchalin emphasized the government’s commitment to fiscal discipline, stating, “In this budget, we’re going to make a historic effort to reduce public spending,” and assured that there would be no tax increase for the middle and working classes.

She also expressed her intention to finalize the delayed 2025 budget within this month. The budget bill is scheduled for discussion in the Senate this week and will return to the lower house for further deliberation next week.

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