The French government is committed to addressing its rising public debt, which surged during the Covid-19 pandemic, even as Fitch maintains its AA- credit rating with a negative outlook. Current public deficit levels stand at six percent of GDP, surpassing both the eurozone limit and previous year's figures. Despite Macron's ambitions to boost defense spending amid political challenges, the finance ministry emphasizes a strong intent to reduce the deficit by the 2025 budget. Risks of a downgrade loom, potentially increasing borrowing costs further for France.
"The government is determined to continue its efforts to consolidate public finances in line with the 2025 budget, adding that 'reducing our deficit is a priority.'"},{
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