France is grappling with a significant budgetary challenge as newly appointed Prime Minister Michel Barnier takes office.

The country's public deficit is projected to reach 5.6% of GDP in 2024, posing a daunting task for the government to meet its commitments to the European Union.

Former Economy Minister Bruno Le Maire, before resigning, emphasized the need for decisive action to control public spending and maintain the deficit targets.

He proposed measures such as reducing frozen credits, urging local governments to cut expenses, and increasing taxes on energy companies.

However, these suggestions have sparked tension with local officials, who accuse the central government of mismanaging fiscal policies.

As France navigates this financial crisis, the political landscape remains fraught with challenges, raising questions about the feasibility of achieving the desired fiscal targets.