- France's draft 2027 budget bill meets EU spending guidelines, with net primary expenditure rising 0.7%, below the European Commission's 1.2% recommendation.
- The debt burden is set to rise above 120% of economic output as France contends with weak growth and rising interest costs.
- The Budget Ministry disclosed the plan in a Saturday statement, saying the government is working to get a grip on public finances.
Quotes
“The Budget Ministry said in a statement Saturday that its plan foresees a 0.7% increase in net primary expenditure, while the European Commission’s recommendation is for a rise of no more than 1.2%.”
“France is straining to get a grip on public finances amid weak growth and rising interest costs.”
“France’s government said its draft 2027 budget bill will meet the European Union’s recommendations even as the debt burden is set to rise above 120% of economic output.”