France’s Mounting Debt Is Now 119% Of Its GDP: How Macron Plans To Tackle It | FP Explains
France is facing a deepening debt and deficit crisis, pushing Prime Minister Sébastien Lecornu’s government to propose sweeping spending cuts in the 2027 budget. The plan targets €54 billion in savings as France’s public debt is projected to reach nearly 119% of GDP in 2026, while the deficit is expected at 5.4%. The government has proposed freezing public-sector salaries and limiting inflation-linked pension increases for retirees receiving more than €1,260 a month. Rising borrowing costs and growing interest payments are adding pressure on Paris to restore investor confidence. But the austerity measures are already facing resistance from unions, opposition parties and protesters. What caused France’s debt crisis, and why are pensions and wages at the centre of the government’s budget squeeze?---
France Debt Crisis | Emmanuel Macron | Sébastien Lecornu | France Economy | French Debt | France Budget 2027 | Pension Freeze | Wage Freeze | France Deficit | French Government | European Economy | Macron Government | France Austerity | Public Debt | Eurozone Debt | Firstpost
#france #francedebt #debtcrisis #macron #lecornu #franceeconomy #frenchgovernment #francebudget #pensions #wagefreeze #austerity #europeeconomy #eurozone #publicdebt #budgetcrisis #firstpost
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