Tax & Spend
Barnier’s Make-or-Break Budget for France: Here’s What to Watch
- Prime minister will present details to cabinet on Thursday
- He must convince investors while keeping lawmakers on board
France is about to unveil its initial course of shock therapy to tackle swelling deficits, aiming to reassure skeptical bond investors and navigate forceful opposition in a fractured parliament.
Prime Minister Michel Barnier’s government will present the details to his cabinet on Thursday evening in Paris as he attempts to narrow the annual budget shortfall by more than a percentage point to 5% of economic output in 2025.