French PM seeks to scrap two holidays to slash debt
French Prime Minister Francois Bayrou suggested that most public expenditures be freezing as part of the scrapping of two public holidays and the budget compression.
Bayrou’s plan includes the freezing of welfare expenditures and tax parentheses at 2025 levels in 2026, and even adapt to inflation, which was immediately criticized by opposition MPs.
However, defense expenditures will increase.
The budget deficit of France reached 5.8 percent of the gross domestic product last year, 3 percent of GDP increased the official European Union border almost, because a political crisis paralyzed the four following governments and could not deal with an unexpected decrease in tax income and the fluctuation for the second year.
“Everyone will have to contribute to the effort, Bay Bayrou said, that the public debt was a” deadly danger “for France and had to deal with it.
The welfare expenditure ice cream, probably for many voters II. The end of World War II will not be as popular as scrapping two public holidays on Monday and Monday, May 8 and May 8.
In May, there are too many public holidays, and the French should return to work that month, the Bayrou will mean that everyone will work more and more will mean billions of additional income for the state, since it will produce more.
Nantes Mayor Johanna Rolland, Bayrou’s suggestions are “mass fair”.
The Bayrou, an experienced century, should convince the risk of opposition in France’s broken parliament to at least to tolerate at least interruptions, or to the risk of insecure movement as overturning its pioneering in the 2025 budget.
Any risk of insecure movement will harden only after a detailed budget bill goes to parliament in October.
President Emmanuel Macron abandoned the task of repairing the public finance with a 2026 budget after the country has provided a very divided parliament that would cope with increasing expenditures after his own movement to call a SNAP legislative election last year.
If it fails, a new political crisis may trigger the decrease in further credit rating and increase the cost of interest payments, which will be the largest evacuation of more than 60 billion euros (A107 billion).
Bayrou aims to reduce the budget deficit this year from 5.4 percent to 4.6 percent in 2026, and ultimately targets the EU’s 3 percent financial deficit limit until 2029.
Bayrou said on Tuesday, “The last stop before the abyss before being crushed by debt.” He said.
