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وكالة الأنباء القطرية
French PM warns of rising 2027 deficit
French Prime Minister Élisabeth Borne proposed that France's 2027 budget include 54 billion euros, warning that the fiscal deficit could reach around 6.5% of GDP if spending cuts are not implemented, especially given the country's rising debt levels and interest costs due to the geopolitical situation. She explained that social security expenditures might increase by approximately 22 billion euros, and local government expenses are set to automatically rise by 7 billion euros. She emphasized that these financial challenges compel the government and parliament to focus on reducing the deficit, particularly as the presidential elections approach, amid rising fuel prices, developments in the Middle East conflict, and increased borrowing costs.
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