Iran Conflict Costs France €4-6 Billion as Government Freezes Spending

Gate News message, April 22 — Iran’s military conflict has cost France between €4 billion and €6 billion, according to French Economy and Finance Minister Roland Lescure on April 21. Rising energy prices and surging bond yields are expected to drive the losses, with €3.6 billion attributed to increased borrowing costs. The French government is preparing to freeze €6 billion in fiscal expenditures to offset the impact and will introduce new measures to address rising energy prices.

Lescure told France’s RTL radio that the government aims to avoid a comprehensive budget cut despite the financial strain. Later that day, David Amiel, a ministerial representative handling public functions and state reform, confirmed the government will implement the €6 billion spending freeze in response to the economic impact.