France Announces €5 Billion Spending Cuts to Address Debt and Defense Priorities

The French government confirms additional budget reductions to curb public debt and allocate resources for defense amid global economic challenges.

The French government has announced an additional €5 billion in spending cuts to address fiscal deficits and reduce public debt growth.
A portion of the savings will be redirected to bolster defense spending, including support for Ukraine and national rearmament efforts.
The cuts are described as a response to slowing economic growth, reduced revenues, and emerging fiscal needs in an unstable global environment.
The government aims to lower the public deficit from 5.8% in 2024 to 5.4% in 2025, with a long-term goal of reducing it below 3% of GDP by 2029.
Officials emphasize the importance of maintaining fiscal discipline to create financial flexibility for future challenges.