Overview

• France's budget deficit is expected to exceed 6% of GDP, prompting urgent fiscal measures.
• Prime Minister Barnier plans to raise taxes on approximately 300 companies with annual revenues over €1 billion.
• Additional tax increases will target the wealthiest households, defined as those earning over €500,000 annually.
• The government aims to reduce the budget deficit to 5% next year, with a mix of spending cuts and tax hikes.
• Barnier's budget faces opposition in a divided parliament, with potential no-confidence votes looming.