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The budget of France, setting revenues and spending levels is set after approval of the national assembly and the ... This page was last edited on 13 May 2024, ...
In mid-October 2024, Barnier presented his government's proposal for the 2025 government budget to the National Assembly. Focused on reducing the budget deficit, the proposal included a wide range of austerity measures, including forty billion euros of spending cuts and twenty billion euros of tax increases.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The government's revised plans for the budget that aim at limiting France's deficit to 5.4% of gross domestic product this year have also addressed concerns from opposition lawmakers. The joint committee has maintained an extra tax on large companies while increasing a tax on financial transactions.
Already the IMF and France's own budget watchdog doubted the outgoing government's plans to get last year's deficit of 5.5% of output down to the EU ceiling of 3% by 2027 - when far-right leader ...
June 19, 2024 at 5:44 AM. By Jan Strupczewski. ... France had a budget gap of 5.5% of gross domestic product in 2023, forecast to narrow only slightly to 5.3% this year - still well above the EU ...
France's budget talks crumble, raising doubts about government's survival. Michel Rose and Makini Brice. January 29, 2025 at 4:20 AM. By Michel Rose and Makini Brice.
This decision plunged France into a political crisis [2] [3] and was followed by France Unbowed (LFI), the main party of the NFP, initiating impeachment proceedings against the French president on 31 August. The caretaker government remained in place for 51 days, [2] unprecedented since the fallen Pompidou government lasted 62 days in 1962. [4]