The French government is set to unveil a draft budget for 2025 that aims to address the country's soaring public debt.

Overview of the Budget

The budget outlines a comprehensive strategy to generate 60 billion euros in fiscal adjustments, with the goal of reducing the deficit to 5% of GDP by 2025. The plan includes spending cuts and tax increases, with over two-thirds of the adjustments coming from spending reductions.

Initiatives to Reduce Pollution

The government also plans to allocate 1.5 billion euros to initiatives aimed at reducing pollution. This demonstrates their commitment to environmental sustainability and addressing the pressing issue of pollution.

Tax Increases

The government is implementing tax increases targeting large corporations and the wealthiest citizens. This measure aims to ensure a fair distribution of the fiscal burden and generate additional revenue for the country.

Economic Outlook for 2025

The economic outlook for 2025 anticipates a GDP growth rate of 1.1%. This indicates a positive trajectory for the country's economy and provides a foundation for the budget's goals and strategies.

Reducing Public Debt

France's public debt currently stands at 112% of GDP, the highest among EU countries. The government aims to gradually reduce the deficit to below 3% of GDP by 2029. This long-term plan demonstrates their commitment to fiscal responsibility and sustainable economic growth.

The draft budget will undergo a legislative process before being enacted into law.