France’s public deficit hit 5.8% of GDP in 2024, totalling €168.6 billion, a figure well above the maximum allowed by EU rules.
France’s Prime Minister François Bayrou has outlined plans to cut €43.8 billion from the national budget, warning that debt presents a “mortal danger” for the country.
The cuts involve reducing the number of people employed in the civil service and a so-called “solidarity contribution” for “the wealthiest”, as well as scrapping tax breaks for business expenses for pensioners.
He also proposed getting rid of two public holidays, citing Easter Monday and 8 May as possible contenders to be scrapped.
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Source: https://www.euronews.com/my-europe/2025/07/15/french-pm-bayrou-proposes-slashing-two-public-holidays-to-reduce-national-deficit
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