The French government has announced its 2025 budget, aiming to save around €5 billion by reducing spending on non-priority areas. This is part of a broader plan to cut public expenditures by €41.3 billion while also raising revenues by €19.3 billion through various fiscal measures. These efforts are intended to reduce France's budget deficit, which is projected to hit 6.1% of GDP in 2024, and to bring it back to 5% by 2025. Key areas targeted for cuts include public services that are not deemed essential, with large cities and departments being expected to contribute significantly to these savings
The government’s broader fiscal strategy focuses on long-term fiscal discipline, addressing the growing public debt, which is expected to reach 115% of GDP by 2025. Local administrations, particularly those with budgets exceeding €40 million, are set to feel the impact most, potentially affecting their investment capacity
In its 2025 budget, the French government is targeting savings of €5 billion by cutting spending on non-priority sectors. This move is part of a larger effort to reduce the public deficit and debt. Key aspects of the plan include freezing certain public expenses and enforcing strict controls over the budgets of cities and local governments with expenditures exceeding €40 million
Additionally, the budget outlines a broader goal of saving €41.3 billion by curtailing public spending in various sectors, focusing particularly on departments that are less critical to the country's immediate needs. While some savings are expected to come from reduced administrative costs, other cuts will affect areas like subsidies and certain investment programs. This is complemented by efforts to boost revenues through fiscal reforms, raising an additional €19.3 billion
The overall objective is to bring the deficit down to 5% of GDP in 2025, and eventually under the 3% threshold set by the European Union by 2029. These measures are seen as essential to managing France's public debt, which is expected to reach 115% of GDP in 2025, while aiming to ensure sustainable economic growth
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