France Plans 54 Billion Euro Savings Drive
France plans a 54 billion euro savings drive in its 2027 budget to control its fiscal deficit. Prime Minister Sebastien Lecornu announced the plan as the government faces rising protests over fuel costs.
France will target a €54 billion savings drive in its 2027 budget, Prime Minister Sebastien Lecornu said on Thursday, aiming to curb soaring public expenditure. The fiscal tightening comes as borrowing rates hit their highest level since 2008 amid widespread protests over fuel prices. Without the austerity measures, the deficit would exceed 6.5% of GDP, forcing the government into urgent legislative battles.
