France's Fragile Economic Forecast: 2025 Budget Under Scrutiny

The French government's 2025 budget plan faces uncertainty, highlighted by the National Public Finances Watchdog. The High Council for Public Finances questions the viability of reducing the public deficit from 6.1% to 5% of GDP, amidst fragile economic growth projections.

France's ambition to cut its public deficit has come under scrutiny, as the National Public Finances Watchdog warned of significant uncertainties in the 2025 budget plan.

The High Council for Public Finances described the macroeconomic outlook for 2025 as 'generally fragile,' casting doubt on the government's financial forecasts.

Aiming to reduce the government deficit to 5% from 6.1% of GDP, the plan banks on achieving 1.1% economic growth over the next two years, a goal that appears fraught with risk.

(With inputs from agencies.)