In a recent address, France’s Finance Minister Antoine Armand outlined ambitious plans for the country’s fiscal future. With a commitment to strict adherence to the European Union’s spending guidelines, Armand is determined to tackle France’s substantial debt head-on. The upcoming 2025 budget is set to reflect this commitment, with a focus on implementing spending cuts and introducing new taxes.
One of the key objectives outlined by Armand is to reduce the public deficit to five percent of GDP in the coming year. Looking ahead, the Finance Minister has set a target of bringing this figure below the EU-mandated three percent limit by 2029. These measures are aimed at putting France on a sustainable fiscal path, prioritizing long-term financial stability and prudent economic management.
By aligning with EU regulations and implementing necessary reforms, Armand is paving the way for a more secure economic future for France. This strategic approach underscores the government’s dedication to addressing economic challenges and ensuring fiscal responsibility.
Source link