French budget talks on right path, Finance Minister says

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French budget talks on right path, Finance Minister says

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French budget talks on right path, Finance Minister says

//business-finance.news-articles.net/content/202 .. t-talks-on-right-path-finance-minister-says.html

Published in Business and Finance on Friday, January 31st 2025 at 3:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

French Finance Minister Eric Lombard said on Friday that talks on getting the 2025 budget passed through parliament were "on the right track", although some compromises may still be needed.

2025-01-31 210 x 110 / 3369 Bytes

French Finance Minister Bruno Le Maire expressed optimism about the ongoing budget negotiations, stating that discussions with parliamentarians are on the right path. This comes as France aims to reduce its budget deficit to meet European Union fiscal rules, targeting a reduction to 4.4% of GDP in 2024 from 4.9% in the previous year. Le Maire emphasized the government's commitment to fiscal responsibility while also addressing the need for economic growth. He highlighted the importance of these talks in achieving a balanced budget, which involves cutting spending and potentially increasing taxes, amidst pressures from various political factions. The negotiations are crucial as France seeks to avoid EU sanctions and maintain its credibility in financial markets.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/europe/french-budget-talks-right-path-finance-minister-says-2025-01-31/ ]