Overview

• The public accounts minister warns that current ministry proposals are insufficient to achieve next year’s spending cap.
• Paris plans to extract €40 billion in savings from the state, social security and local authorities without raising tax rates.
• Ministries will undergo a detailed review of recruitment needs and salary hikes as part of a massive state reorganization.
• Prime Minister François Bayrou is scheduled to unveil the main lines of the 2026 budget by July 14.
• France aims to cut its public deficit to 4.6 percent of GDP through spending cuts and the elimination of tax loopholes.