France Faces Uphill Battle as Budget Debate Looms Amid Fiscal Scrutiny and Political Uncertainty
Paris, France — Amid ongoing economic challenges and upcoming rating reviews, the French government has presented a new budget proposal, aiming to implement significant spending cuts and tax increases totaling 60 billion euros ($66 billion). This budget is designed to address an expected deficit that may exceed 6% of GDP this year, raising critical discussions about the nation’s financial recovery and stability. The measures, announced on Thursday, are part of a broader effort by Prime Minister Michel Barnier’s administration to regain control over France’s widening budget deficit. Investors and market analysts are closely watching the … Read more