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France Aims to Hold Budget Deficit at 5% This Year, Finance Minister Pledges Cost-Cutting Efforts

2026-06-26 06:43:10

According to Jin10, France's Finance Minister Leclerc reaffirmed on June 26 his commitment to maintain the country's budget deficit target at 5% this year, despite criticism from financial regulators over the lack of detailed spending cuts. The government has pledged to reduce the deficit to 3% of economic output by 2029. However, interim-year targets remain unset. Leclerc plans to meet with fiscal officials and other ministers on Tuesday to reassess the 2026 budget outlook.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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