France could soften budget bill to ensure government's survival ...
2 days ago · French Prime Minister Michel Barnier on Thursday dropped plans to raise electricity taxes in his 2025 budget, bowing to far-right threats to bring the government down unless he eased the burden on ...
French government creaks as Barnier's budget woes weaken …
3 days ago · The budget bill lies at the heart of France's political malaise. It seeks to rein in France's spiralling public deficit through 60 billion euros ($62.85 billion) in tax hikes and spending cuts.
France needs stability, says prime minister amid looming budget …
1 day ago · Opposition to the budget from both far-left and far-right political parties could topple the government if it loses a no-confidence motion, while moves to reduce the 60 billion euros ($63 billion ...
French government unveils unprecedented budget cuts for 2025
Oct 10, 2024 · French Prime Minister Michel Barnier’s new government is under pressure from financial markets and the European Union to balance its budget. The long-term goal of these cuts is to bring the deficit...
France's budget battle: Why the government's plan to plug the …
Oct 15, 2024 · France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficit.
France's budgetary situation is 'very serious', new PM Barnier says
Sep 18, 2024 · France has a "very serious" budgetary deficit, Prime Minister Michael Barnier said, weeks after France was placed on a formal procedure for violating European Union budgetary rules.
France Unveils Tough Austerity Budget to Mend Its Finances
Oct 10, 2024 · France’s main fiscal oversight body warned Thursday that the budget could hurt the French economy, cutting growth next year from an already tepid 1.1 percent pace forecast by the government.
France’s Budget Problems ‘Very Serious,’ Prime Minister Says
Sep 18, 2024 · France’s new prime minister said Wednesday that the country’s finances were in critical condition, as signs mounted that the government faced an uphill battle to control a ballooning debt and...
Everything you need to know about the French political crisis
1 day ago · With the 2024 deficit projected to come in at 6.1 percent, Barnier and his team quickly got to work to submit a budget aimed at getting France's finances back on track. The budget Barnier proposed included a staggering €40 billion in cuts and €20 billion in tax hikes for 2025 projected to help bring the deficit down to 5 percent of GDP.
'We spent a lot.' How two years of denial led to France's budget …
Oct 17, 2024 · How did France go from the 4.4% public deficit level that was initially forecast for the end of 2024, to the 6.1% that has since come to be expected?