Young Political Novices Tasked with Guiding France's High-Stakes Budget

French Prime Minister Michel Barnier appointed 33-year-old Antoine Armand as Finance Minister and 39-year-old Laurent Saint Martin as Budget Minister. They face the challenging task of addressing France's budget deficit, continuing President Macron's policies, and navigating a divided parliament to pass the 2025 budget.

French Prime Minister Michel Barnier has appointed two political novices to critical positions, entrusting them with the enormous challenge of resolving the nation's budget deficit. The 33-year-old Antoine Armand was named economy and finance minister, while Laurent Saint Martin, 39, took on the role of budget minister.

Saint Martin, previously the head of the office promoting foreign investment in France, will work under Barnier's direct supervision, deviating from traditional norms. Both new appointees must strategically address a budget deficit approaching 6% of GDP. Their ability to safeguard President Emmanuel Macron's legacy of tax cuts and pro-business reforms is under scrutiny.

The appointments come as the new ministers prepare to finalize the 2025 budget bill amid fierce opposition in a politically fragmented parliament. The challenge extends to balancing necessary tax hikes and spending cuts to avoid political fallout, especially from opposition parties.

(With inputs from agencies.)