France to cut 2027 budget by 54B euros
France aims to reduce its budget deficit to 5% of GDP by 2027 through a plan that includes cutting and freezing government spending of around 54 billion euros, while maintaining tax stability. The measures involve freezing the state budget, including wages, by fixing the reference point, with exceptions for priority expenditures such as defense, justice, and the environment. The government seeks to save billions of euros by reorganizing priorities and curbing spending rather than increasing taxes, in order to achieve the deficit target in 2027.
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