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France News Today

French news in English

Friday, September 20, 2024

France Faces Political and Budgetary Crisis

Published: 2024-09-04

France is grappling with a dual crisis: a political vacuum and a looming budgetary shortfall.

With no Prime Minister in place, the urgency to address the nation's financial woes intensifies.

The outgoing government has revealed alarming projections, indicating that the public deficit could reach 5.6% of GDP, surpassing previous targets.

This fiscal instability is compounded by political inertia, as the search for a new Prime Minister drags on.

The delay in leadership is causing concern, as the budget for 2025 must be presented soon.

The situation is further complicated by internal political divisions, with various factions unable to agree on fiscal strategies.

As the deadline approaches, the pressure mounts on France to stabilize its finances and political landscape.