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French PM Bayrou's budget bill moves ahead as lawmakers strike deal on text

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A panel of French lawmakers on Friday agreed on the final text of a much-delayed 2025 budget proposal, paving the way for the lower house passage of a bill that is key to restoring investor confidence and ensuring the government's survival.
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/ ]