French Economy Minister Éric Lombard Seeks Cross-Party Budget Agreement

Lombard invites all parliamentary groups to Bercy for discussions on the 2025 budget, aiming to balance limited tax increases with spending cuts.

Éric Lombard, France's new Economy Minister, has announced plans to meet with all political parties represented in Parliament to discuss the 2025 budget.
The proposed budget aims to reduce the public deficit to just above 5% of GDP while protecting economic growth.
Lombard has emphasized that any tax increases will be minimal and paired with additional spending cuts to address fiscal challenges.
He has pledged to ensure that income tax brackets remain indexed to inflation, preventing new taxpayers from being added next year.
The dialogues, open until mid-January, aim to find compromises to avoid another government censure and reassure financial markets.