The French government will propose a tight budget for 2025

On October 10th, Jin10 Data reported that the French government will announce the 2025 budget on Thursday, which includes a plan to increase taxes and reduce spending by 60 billion euros (equivalent to 65.68 billion US dollars) to deal with the rising fiscal deficit. The new government led by French Prime Minister Jean Castex is under increasing pressure from financial markets and EU partner countries to take action. Previously, France’s tax revenues this year were far lower than expected, and expenditures exceeded expectations. However, budget tightening must be carefully adjusted to appease the opposition parties. Otherwise, they can not only veto the budget bill, but also unite to pass a motion of no confidence to overthrow the government.