French Caretaker Government Readies Stable Budget for Next Year
- Aim is to stay on course to narrow deficit below 3% by 2027
- Next administration will be able to make adjustments to bill
The Palais Bourbon in Paris.
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France’s caretaker government is preparing a stable budget for next year that would help the country meet a target to narrow its deficit below 3% of economic output by 2027, according to an official in the prime minister’s office.
Ministries will be notified this week how much they will be able to spend in 2025, with the overall amount set to be unchanged year-on-year at €492 billion ($546 billion), the official told reporters. This takes account of €10 billion of savings to offset predicted inflation of 2%.