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France News Today

French news in English

Friday, September 20, 2024

Michel Barnier's Fiscal Challenge

Published: 2024-09-06

Michel Barnier, recently appointed as France's Prime Minister, faces the daunting task of addressing the country's growing public deficit, projected to reach 5.6% of GDP this year.

In his first interview, Barnier emphasized the need for fiscal justice and efficient use of public funds, while also prioritizing economic growth driven by businesses and public services.

Despite lacking a majority in the National Assembly, Barnier aims to form a government capable of surviving potential censure motions.

His approach includes engaging with all political forces, including the National Rally, which has not opposed his appointment.

Barnier's focus on financial and ecological debt highlights his commitment to long-term sustainability, as he seeks to balance economic growth with responsible governance.