France is facing a political and economic challenge as the government struggles to finalize the 2025 budget.

The dissolution of the National Assembly and subsequent delays have led to the government missing legal deadlines for budget submission.

Prime Minister Michel Barnier has postponed the presentation of the budget to October 9, missing the original October 1 deadline.

This delay has strained relations with parliamentarians, who are crucial for the government's survival due to the lack of a majority.

The budget deficit is projected to rise to 5.6% of GDP in 2024, far exceeding the EU's 3% target, raising concerns about the country's economic health.

The government is under pressure to reduce the deficit without stifling growth, a task complicated by the need to finance energy transitions and manage an aging population.

The political impasse reflects deeper economic issues, as France grapples with high public debt and the need for structural reforms.