France: the public deficit “significantly” beyond the objective of 4.9% in 2023. “At some point, we simply have to cool the machine, because growth is suffering the consequences of the new geopolitical environment and tax revenues are decreasing,” according to Bruno Le Maire.
He repeated that this reduction in spending was only a first step, before a possible "amended finance bill in the summer, if necessary", then the need to find at least 12 billion euros of additional savings in 2025.